Starlight Investments offloaded two Orlando rental communities for $108.8 million. Cantor Fitzgerald was the buyer of the two-property portfolio encompassing 539 units in Orlando, Fla. The two properties are adjacent to each other.
Multihousing News reports the sale included the 275-unit Hudson at East, which traded for $68.4 million, and the 264-unit Eight at East, which sold for $39.4 million.
Cantor secured an $86.5 million Freddie Mac acquisition loan, which Newmark originated.
Eight at East debuted in 2017, while Hudson at East came online two years later. Each community features one—to three-bedroom floor plans averaging roughly 1,044 square feet. Combined amenities include two swimming pools, a pet spa, a car wash and a conference room.
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