PLK Communities recently acquired the Harbortown Apartments for a whopping $86 million. The 428-unit complex, constructed in 1999, was sold by LivCor. According to reports from the Orlando Business Journal, Livcor purchased the property for $100 million just last year.
Featuring one-, two-, and three-bedroom units ranging from 800 to 1,600 square feet in size, this community is situated along Turkey Lake and MetroWest Golf Club. With monthly rents between $1,600 and $3,300 per unit.
This year has seen several high-value apartment sales including August’s transaction of Alta Cypress in Longwood for an impressive sum of $90 million as well as May’s sale of The Wesley on International Drive for a staggering price tag of $87 million.
