Coastline Management Group and Benedict Realty Group paid $15.3m for Kensington Cottages, a 170-unit residential complex in the Orlando submarket of Rosemont. Built in 1984 on an 18-acre site, the property includes 16 one-story buildings with one- and two-bedroom units. Newmark Knight Frank represented the seller, DLP Real Estate Capital, which bought the complex for $7.3m in 2016. Kensington Cottages was 94 percent leased at the time of the sale.
