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Orlando | Addison On Millenia | Bbx Capital

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A partnership including Fort Lauderdale-based BBX Capital sold a new 292-unit apartment complex in Orlando for $63.7 million. Lindemann Multifamily Management paid $218,150 per unit for the rental property, called Addison on Millenia, which was completed last year. “We are value investors, and we were immediately drawn to the Addison,” George Lindemann, Jr., founder of Lindemann Multifamily, said in a prepared statement. The seller was a partnership between BBX Capital, Contravest and Case Pomeroy. Addison ... [more]

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