ORLANDO, FL - Cardone Capital, an Aventura FL-based multifamily investment firm, has acquired the upscale Murano apartment complex in Orlando, Florida. The seller of the property was a joint venture comprised of a trio of Miami-based real estate development companies - The Courtelis Company, Kislak Organization and HMG/Courtland Properties. The acquisition of Murano brings Cardone Capital’s total AUM to approximately $800 million.
Grant Cardone, CEO of Cardone Capital and a New York Times best-selling author of seven business books, including the international blockbuster The 10X Rule, says, “Murano is a great addition to our existing 5000 unit multifamily portfolio. We are optimistic on the continued growth of the Orlando market. The Home of Mickey has all the right metrics; economic growth, job growth, stable and growing incomes, affordable living, good schools and a migration story that will not be stopped.”
Built in 2016, Murano is a Class A property located on a 9-acre site in Orange County, FL. It sits on a great location across from the Ritz Hotel and JW Marriott.
The property’s on-site amenities include a million-dollar saltwater pool, a poolside pavilion that features a lounge area and summer kitchen, a clubhouse that includes an internet café, a coffee bar, a gaming room, and a 2000 square foot state-of-the-art fitness center that rivals Equinox, LA Fitness, 24 Hour Fitness and other well equipped gyms.
Murano’s average rents are under $1500 making it affordable living for most of Orlando and offers great access from Lake Nona to Kissimmee and all the way to Windemere.
Cardone has had a presence in Orlando for over twenty years with his automotive consulting arm, The Cardone Group, which he founded in the 1990’s.
Source: Cardone Capital / #Apartments #Multifamily