California investor shells out $47.8M for foreclosed Orlando apartments

By Anjali Fluker

A lender-owned apartment complex next to the busy Waterford Lakes Town Center in east Orlando sold for $47.8 million to a California investment real estate firm.

Beverly Hills, Calif.-based PRG Victoria LLC spent $131,181 per unit to buy the 364-unit Victoria Place Apartments at 12612 Victoria Place Circle in Orlando from 12612 Victoria Place Circle Holdings LLC, an entity related to Bethesda, Md.-based mortgage servicer CWCapital Asset Management LLC, Orange County records showed.

The price is… …read more

From:: biz journal foreclosures

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