SAR Apartment Capital, Infinity Investments Solution, and Aramar Investments LLC are proud to announce the acquisition of a multimillion-dollar distressed property near Orlando Florida, to be repurposed as a 140 unit, Class A apartment complex.
The acquisition cost was US $4,500.000 dollars for a 295 room hotel located a few minutes from the Walt Disney World Resort*. Due to its location, growth potential, recovering market conditions, and future projections, the investors consider this project to be an excellent allocation.
The projected renovation cost is US $10,500.000 which will create much-needed jobs in the area and will help revitalize the construction industry of the city.
It is our expectation that we will add significant value to the property, helping to uplift the area by putting a dilapidated old building back into service as a beautiful residence that will stand as a shining example of what’s possible in the neighborhood, providing great quality housing at affordable rates for great tenants.
“With this acquisition, SAR Apartment Capital and its partners deliver again on its promise to source, acquire and manage multi-family assets with high ROI potential for its investors”.