Cortland Purchases Champions Gate Apartment Site in Orlando for $5.35 Million

FOR IMMEDIATE RELEASE

Cortland Purchases Champions Gate Apartment Site in Orlando for $5.35 Million

ORLANDO (July 7, 2021) – The Land Advisors Organization’s Orlando team of Mike Ripley and Steve Flanagan, acting as a transaction broker, arranged the $5.35Msale of the 17-acre parcel at the northeast corner of Masters Boulevard and Goodman Road in Osceola County, Florida to El Mirasol FL Partners LLC. The Buyer is an affiliate of Cortland, the Atlanta-based developer of luxury multifamily communities, who plan the development of El Mirasol, a 355-unit apartment community adjacent to Champions Gate, a 1500-acre luxury community. The Seller was Profusion Cap5 Champions Gate, LLC

Champions Gate is located in the ”four corners” area of Osceola County, approximately 25 miles southwest of the Orlando CBD and 5 miles from Disney World.

“Cortland is an outstanding developer and clearly sees the opportunity that exists for developing luxury apartments in this growing area,” said Mike Ripley, advisor with Land Advisors Organization.

The sale closed Thursday, July 1, 2021 and Cortland plans to begin development of El Mirasol immediately.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization Land Advisors Organization employs a true collaborative brokerage model with offices located throughout the nation to serve landowners and purchasers in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. For more information, visit Land Advisors Organization at www.landadvisors.com. Stay connected with us on Twitter, Facebook and LinkedIN.

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Media Contact: Patty Johnson, Connections Marketing & Communications

PattyJohnson@Connections-marcom.com or 602.402.2965