Carter-Haston Holdings of Nashville has acquired the Whitepalm Apartment Homes for $40.2 million or just over $131,370 per unit. Located at 5400 S. Williamson Boulevard in Port Orange, the 306-unit complex was completed in 2014. CBRE’s Shelton Granade, Luke Wickham and Justin Basquil represented the seller, Birmingham-based based LIV Developments. “Whitepalm is the fifth pre-stabilized apartment property we have sold recently in Central Florida,” said Grande, executive vice president of CBRE Capital Markets, Multifamily. “Volusia County is in the midst of an impressive economic expansion, and the Port Orange area was under-served in terms of luxury apartments. Investor interest in newer assets is growing substantially, even before these communities are fully-occupied.”
