CBRE Investment Management Fund Acquires Class A Residential Property in the Orlando, Florida Area
April 12, 2023
The CBRE Strategic Partners U.S. Value 9 fund has acquired The Village at Lake Lily, a 455-unit residential property located at 921 South Orlando Avenue in Maitland, Florida.
The Village at Lake Lily is a Class A, mid-rise apartment property with large floor plans and design attributes such as built-in desks/shelving and crown molding which differentiate it from other properties. Residents have access to a generous amenity suite including a fitness center, two resort-style pools with hot tubs, grilling stations, a clubroom, a package locker and a dog run. The property also has several retail tenants located on the ground floor spaces including two local popular restaurants.
“Investment in residential assets remains a key area of focus for us, and the Orlando market is considered to be a top 10 market nationally for residential growth,” said Daniel Casey, Director, Residential Transactions for CBRE Investment Management. “We believe that this area’s high population growth combined with the strong demand for well-amenitized living spaces from local professionals will position the Village at Lake Lily to provide long-term value for both residents and our investors.”
The Village at Lake Lily is located just seven miles north of Downtown Orlando. The property benefits from its proximity to the I-4 expressway, a major thoroughfare providing convenient connectivity to key employment/business nodes and retail.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $149.3 billion in assets under management* as of December 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings. Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.