Michaelson Real Estate Group, LLC and a private equity investor acquire The Park at Sorrento Apartments in Kissimmee, Florida

Michaelson Real Estate Group, LLC (“Michaelson”) and a private equity investor have acquired The Park at Sorrento Apartments, a 208-unit multihousing community in Kissimmee, Florida. The asset enjoyed 96% occupancy at the time of purchase.
Kissimmee is known for its off-the-beaten-path adventures and proximity to world-famous theme parks. The Park at Sorrento is located at 900 Woodside Circle, Kissimmee, Florida, just minutes from Walt Disney World Resort, Universal Orlando Resort and Sea World Orlando. It has convenient access to Interstate 4, US 192 and Florida’s Turnpike. Downtown Kissimmee and Osceola Regional Medical Center, a major employer, are within driving distance. Major retail in the surrounding area includes Kmart, Publix, Lowes and Wal-Mart Supercenter.
Built in 1974, The Park at Sorrento features a mix of one, two and three-bedroom apartments in four different floor plans with fully equipped kitchens with frost-free refrigerators, oven and dishwasher, carpeted/upgraded vinyl floors, private balcony/porches. Units are plumbed with full size washers/dryer connections. The property also boasts a superior amenity package including a sparkling pool, laundry facility, state-of-the art fitness center, picnic area, business center, clubhouse and controlled access.
Michaelson remains focused on the Central Florida market and believes this latest acquisition will offer a solid return on the investment. “There is a tremendous demand for high-quality rental housing in strategic areas like Kissimmee, which is in close proximity to major employment centers,” said Michael Moses, President and CEO of Michaelson. In 2016, Michaelson closed on 26 multifamily residential properties in Florida, totaling approximately 4,70o units. These include Charter Pointe, the District of Baldwin Park, Millenia West and The Valencian to name a few.
Michaelson is 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 3o years of experience in the multifamily market.

For further information please contact:
Michaelson Real Estate Group
Michael Moses mmoses@michaelsongroup.com 904-880-0000