TH Real Estate, an affiliate of Nuveen, has purchased the recently completed Sole at Casselberry multifamily asset in Casselberry, Florida. The price of the deal was not disclosed. The 336-unit property is 10 miles from downtown Orlando. Amenities includes 12,000 sq ft of outdoor space and a private fitness center. “This asset is a class A garden style product, near fully occupied, in a high barrier-to-entry market with access to major employment centers, such as Altamonte Springs, Maitland, Winter Park and Lake Mary,” said Carlos Burneo, director at TH Real Estate and lead for multifamily in Florida. “Orlando’s continuous employment and population growth is a clear match to TH Real Estate’s Cities of Tomorrow investment strategy.”
