Michaelson Real Estate Group, LLC and Eklund Development, LLC acquire Park at Salerno in Orlando, FL

Michaelson Real Estate Group is pleased to announce the expansion of its existing portfolio to include Park at Salerno, a 200-unit apartment community located on Conway Road in Orlando, Florida, just minutes from Downtown Orlando and Florida Hospital Orlando, major area employers.  It is comprised of 28 two story buildings on 9.51 acres of land.  The property features one, two and three bedroom floor plans with an average size of 969 square feet.  It features an excellent amenity package including a sparkling pool, laundry facility, fitness center, picnic area, playground, business center, clubhouse and controlled access.  It has superb access to the area’s major transportation corridors including Interstate 4, US 408 and Florida’s Turnpike.  The asset was built in 1972.  It underwent a multi-million dollar renovation over the last two years including a newly renovated clubhouse, repaved parking lots, stairways and interior/exterior renovations throughout the community.

Michaelson and Eklund remain focused on the Orlando market and believe it will offer solid returns on their investments.  In the past year, Michaelson and Eklund, together, closed on 6 multifamily residential properties in the Orlando area, totaling approximately 2,000 units, including the acquisition of Charter Pointe, District of Baldwin Park, Millenia West and The Valencian.

About Michaelson & Eklund

Michaelson Real Estate Group is an entrepreneurial driven, full service apartment management and investment firm that provides a diversified range of real estate services including: property management, leasing and marketing, and  investment. 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 that has over 30 years  of experience in the multifamily market including the development, construction, property management and advisory  of over 100,000 multifamily units.

Eklund Development is a real estate firm which owns and develops investment properties in California, Nevada,  Colorado, and Florida.

For further information please contact:

Michaelson Real Estate Group
Michael Moses | mmoses@michaelsongroup.com