FOR IMMEDIATE RELEASE May 5th, 2021For additional inquires, please contact: Abiel Ballesteros VP, SAR Apartment Capital 1-786-355-6646 abiel@abielballesteros.com Injecting capital and new life into the central Florida real estate market SAR Apartment Capital, Infinity Investment Solutions Inc, and Aramar Investments LLC join forces to acquire a distressed hotel near Orlando, FL to be converted into a multifamily property The total investment will be US $15,000.000 dollars Miami, FL – Today 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”. Additional information and updates about the transaction and the project will be released as they become available. |
SAR Apartment Capital is a Miami based real estate investment and asset management firm specializing in multifamily apartment syndication, with US $ $60 million in assets under management. Infiniti Investment Solutions, Inc. is a private investment club for accredited and foreign investors looking for wealth preservation and cashflow in stable USD real estate assets that appreciate over time. We have approximately $300million in assets under management and specialize in multifamily and medical real estate in the US. |
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Walt Disney World® Resort is a registered trademark of Disney Parks, Experiences and Products, and has no relation to SAR Apartment Capital, Infinity Investments Solution, and Aramar Investments LLC, its affiliates or subsidiaries. |
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