FORT LAUDERDALE, FL – Gadinh Investments has completed the $6.4 million acquisition of an 80-unit multi-family portfolio in Lake County, Florida.
The portfolio consists of 80 garden-style duplex villas with an even mix of spacious 3-bed/2-bath, 2-bed/2-bath, and 2-bed/1-bath units. The properties are located within a 2-mile radius in the cities of Leesburg and Fruitland Park and directly in between two of the fastest growing metro areas in the country: The Villages and Orlando.
“We’re excited to enter the Central Florida market. This portfolio fits our value-add strategy to significantly improve the properties to enhance the lifestyles and living experiences of the residents and surrounding areas” said Steven Gaddy, Director of Acquisitions & Principal at Gadinh.
Gadinh will invest capital to upgrade unit interiors and amenities across both properties. Unit upgrades will include new appliances, cabinet upgrades, flooring upgrades and granite countertops.
“We’ve had a lot of success with these intermediary Florida markets due to the strong and steady population growth. We are actively searching for similar deals in growing markets across the US“ said Lazaro Dinh, Managing Director & Principal at Gadinh.
Gadinh Investments is a South Florida real estate investment firm focused on acquiring under-managed multifamily assets that offer value-add opportunities in emerging markets throughout the US to maximize investor returns year after year.