Farmington Hills, MI – (July 2, 2021) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold The Preserve at Spring Lake, a 320-unit apartment community located in Altamonte Springs, Florida. Located in the northern suburban Orlando market, The Preserve at Spring Lake was recently renovated by the previous owner, with new ownership creating additional upside through planned improvements. Friedman’s Peter Jankowski and Rich Deptula advised both parties in the transaction, at a sale price of $62.80 million ($196,250/unit), the sale of The Preserve at Spring Lake marks the third community Friedman has transacted with the two groups this year.
about friedman real estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 100 commercial properties encompassing more than 15M SF and more than 15,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.