Residential and commercial investment company Viewpoint Equities has secured a $72.5 million acquisition loan to buy Aventon Alaira in Orlando, Fla. Located at 8072 Poinciana Blvd., the newly built 295-unit Class AAA apartment community on 10.7 acres features 120 one-bedroom, 144 two-bedroom and 32 three-bedroom units.
CBRE Capital Markets’ Debt and Structured Finance negotiated the seven-year, fixed-rate acquisition loan on behalf of the buyer.
The gated apartment community features an amenity suite highlighted by an outdoor kitchen with grilling stations. Private garages and storage spaces are also available. The one- to three-bedroom apartments range from 752 to 1,412 square feet in size.
Nearby health care
Residents of Aventon Alaira enjoy convenient access via State Route 417 and Interstate 4 to downtown Orlando, as well as Orlando’s theme parks, Orlando International Airport, Lake Nona Medical Center, Lockheed Martin and a number of major health care facilities and medical centers. The apartment community is near Everest University and Valencia Community College. Nearby shopping centers include The Premium Shoppes, Orlando Vineland and Crossroads at Lake Buena Vista.
Among area attractions are Sea World, Dr. P. Phillips Community Park, Tibet-Butler Preserve, Disney’s Animal Kingdom and Bear Creek Recreation Complex.
In a statement, a CBRE official noted Aventon Alaira gave Viewpoint the opportunity to acquire a very high-quality, stabilized apartment community with tremendous potential for growth over time. Representing the CBRE team were Bill Chiles, Scott Peterson, Brian Cruz, Morgon Fraser and Colby Matzke.
Two months ago, a CBRE report indicated the senior housing sector had continued recovering and is likely to see an upsurge in both residencies and rental rates.