Michaelson Real Estate Group, LLC and a private equity investor acquire Royal Springs Apartments in Orlando, Florida

Michaelson Real Estate Group, LLC (“Michaelson”) and a private equity investor have acquired Royal Springs Apartments, a 151-unit multihousing community in Orlando, Florida. The asset enjoyed 97% occupancy at the time of purchase.

Orlando is known for adventure and its proximity to world-famous theme parks. Royal Springs is located at 1717 Holden Avenue, Orlando, Florida, just minutes from Walt Disney World Resort, Universal Orlando Resort and Sea World Orlando. The property has convenient access to Interstate 4, US 441 and the Lynx bus lines. Royal Springs is an easy driving distance from Downtown Orlando and many major Central Florida employers including Adventist Health System (Florida Hospital), Publix Super Markets, Inc. and Orlando Health. Major retail in the surrounding area includes Publix, Lowes and Wal-Mart Supercenter.

Built in 1971, Royal Springs features a mix of one, two and three-bedroom apartments in four different floor plans with fully equipped kitchens, large closets, beautiful decor, carpeted/upgraded vinyl floors and private balcony/porches. Many apartments enjoy a spectacular view of Lake Buchanan. The property also boasts a superior amenity package including a sparkling pool, laundry facility, picnic area, playground and clubhouse. The property underwent major renovations in 2006.

Central Florida continues to be a favorite of Michaelson and this latest acquisition is anticipated to bring a solid return on the investment. In the last two years, Michaelson has increased its Central Florida portfolio by approximately 6,000 units. Recent acquisitions include Charter Pointe, the District of Baldwin Park, Millenia West and The Valencian.

Michaelson is a full service multi-family housing & commercial real estate management and investment firm. Entrepreneurial driven, Michaelson provides a diversified range of services including, but not limited to, property management, leasing, marketing, physical maintenance, rehabilitation, financial analysis, acquisition and due diligence. Michaelson specializes in enhancing multifamily values by utilizing its core marketing, management and repositioning capabilities. The principal is a seasoned real estate executive and entrepreneur with more than 30 years of experience in the multifamily market.

For further information please contact:

Michaelson Real Estate Group

Michael Moses | mmoses@michaelsongroup.com

904-880-0000