ORLANDO, FL – Frankforter Group has acquired The Ivy Residences at Health Village, a Class A residential complex of 248 units in downtown Orlando. The Ivy is part of the 172-acre Health Village, a mixed-use, transit-oriented, master-planned urban development.
Many health professionals are The Ivy residents who choose here for convenience and walking distance of their work and leisure. Florida Hospital Health Village is one of the largest hospital complexes in Florida and houses hospitals and medical facilities, administrative offices, commercial uses, shared apartments, a hotel and the AdventHealth University. The Ivy contributes to the hospital's mission for healthy living with thoughtful urban design and responsible development.
FM Capital Senior Vice President Daniel Kaweblum has arranged for $ 51 million in senior debt with a national balance sheet lender for takeover.
The Ivy is centrally located just blocks from the SunRail subway system, which offers easy access to Winter Park and Maitland to the north, and downtown Orlando and Sand Lake Road to the south. The Ivy is also close to Interstate 4, making it easy for you to get to some of Orlando’s hippest neighborhoods, including College Park, Loch Haven Park, Mills Park, Ivanhoe Row and Mills / 50 District.
The residence at The Ivy offers Class A amenities such as a resort-style pool with a multi-level terrace and cabanas, a 24-hour fitness center, yoga and Pilates studio, a cyber cafe, a billiards room and a community-wide secure access system . The apartment complex comprises two medium-high buildings with 248 units on an average of 941 square meters as well as an integrated parking garage. The apartments have granite countertops, ENERGY STAR® certified stainless steel appliances, high quality ceramic and wooden floorboards, large washers and dryers, and modern lighting.
Stephane Benalal, Director of Acquisitions, says this investment fits well with our core plus investment strategy. "We have been very active in the Florida market over the past few years and are very excited to add this unique asset to our portfolio. We look forward to providing an exceptional living experience for residents of this great community."
Source: Frankfurt group
