ST. PETERSBURG, Fla., Oct. 5, 2022 /PRNewswire/ — JBM® Institutional Multifamily Advisors has brokered the sale of The Addison at Clermont – a Class A+ multifamily community in the Orlando suburb of Clermont, Florida. Built in 2020, the Property sits on a 19.34 acre +/- site. Consisting of 15 residential buildings, this garden-style community is comprised of 230 units averaging 1,111 square feet.
JBM® Chairman & CEO, Jamie May, comments, “I’d like to congratulate both Cottonwood Residential and ContraVest on another JBM® Class A transaction. The long-term HUD financing on the deal made a loan assumption scenario very attractive in this ever-changing interest rate climate. This is our 3rd merchant development we’ve sold for ContraVest and we look forward to many more!”
About the Property
Amenities include a resort-style pool with cabanas, fire pit, grilling station, state-of-the-art fitness center with a FitnessOnDemand® room, game and media room, bronzing studio, indoor dog wash station, upscale car care center, and dog park. The Addison at Clermont offers both attached and detached garages, as well as storage units. The Property is NGBS Green Certified™.
Apartment amenities include modern, 42″ cabinetry, luxury faux wood-style plank flooring, granite countertops throughout, glass subway tile…
