Viewpoint buys shares in Orlando
Residential and commercial investment company Point of view Actions secured a $72.5 million acquisition loan to buy Aventon Alaira in Orlando, Florida. Located at 8072 Poinciana Blvd., the new 295-unit, 10.7-acre Class AAA apartment community features 120 one-bedroom, 144 two-bedroom and 32 three-bedroom units.
CBRE Capital Markets‘ Debt and Structured Finance negotiated the acquisition loan at a fixed rate over 7 years on behalf of the buyer.
The gated apartment community features an amenity suite highlighted by an outdoor kitchen with grilling stations. Private garages and storage spaces are also available. One- to three-bedroom apartments range from 752 to 1,412 square feet.
Health care nearby
Aventon Alaira residents enjoy convenient access via State Route 417 and Interstate 4 to downtown Orlando, as well as Orlando’s theme parks, Orlando International Airport, at Lake Nona Medical Center, Lockheed Martin, and a number of major health facilities and medical centers. The apartment community is close to Everest University and Valencia Community College. Nearby malls include The Premium Shoppes, Orlando Vineland, and Crossroads at Lake Buena Vista.
Area attractions include Sea World, Dr. P. Phillips Community Park, Tibet-Butler Reserve, Disney’s Animal Kingdom, and Bear Creek Recreation Complex.
In a statement, a CBRE official noted that Aventon Alaira has given Viewpoint the opportunity to acquire a very high quality, stabilized apartment community with tremendous potential for growth over time. The CBRE team was represented by Bill Chiles, Scott Peterson, Brian Cruz, Morgon Fraser and Colby Matzke.
Two months ago, a report by CBRE indicated that the senior housing sector had continued to recover and should see an increase in residences and rental rates.