CGI+ Real Estate Investment Strategies Sells 306-Unit Astoria at Celebration Apartment Community for $74.5 Million in Orlando
WOODLAND HILLS, CA - CGI+ Real Estate Investment Strategies (“CGI+”) has sold Astoria at Celebration, a 306-unit luxury multifamily community in Celebration, FL to Versity Investments for $74.5 Million. Originally completed in 2016, the property, which was then known as Sola at Celebration, suffered from construction defects and was vacated in 2017. CGI+ acquired the vacant community in 2019 for $43 million. After completing an exhaustive analysis, CGI+ Vice President of...
Source: multifamilybiz.com