A joint venture sold the recently completed, 281-unit luxury property in central Winter Springs, Fla.: Preferred Apartment Communities announced it has purchased a 281-unit luxury apartment community in suburban Orlando, Fla., from Catalyst Development Partners and HQ Capital, for $62.2 million. Berkadia marketed the property on behalf of the seller. According to Yardi Matrix data, the deal was subject to a $44.4 million Fannie Mae loan, with a due date in January 2030. The Blake is located at 151 Michael Blake Blvd. in central Winter Springs, Fla., roughly 20 miles northeast of downtown Orlando and near State Road 417.