Harbor Group International has announced the sale of the West Winds Apartments in Orlando for $26.1 million. Built in 1985, the complex contains 19 garden style buildings housing 272 units on 20 acres of land. Located at 5230 Eastwinds Drive, the property is located two blocks from Universal Studios in southwest Orlando. HGI purchased the property in October 2013 for $15.75 million as part of a $67.55 million, five property assemblage in Orlando and Daytona Beach. The company has now traded four of those five assets.
“HGI continues to focus on opportunities to sell assets once we have achieved our business plan,” said T. Richard Litton, Jr., President of Harbor Group International. “The sale of West Winds is a perfect example of HGI’s ability to acquire apartment property portfolios and realize the potential of each property on an individual basis. The Orlando-Daytona Beach portfolio has generated superior returns for our investors.”
