We are excited to announce that CGI+ has closed on the acquisition of Park Place, a 275-unit multifamily community in the Orlando, FL submarket of Oviedo for $68.95 million. This acquisition caped off a busy year for CGI+ with more than $625 million in transaction activity in 2021.
“Park Place was an institutionally owned and professionally managed property that is attractively positioned within the Oviedo submarket,” said Mark Cohen, CGI+ Managing Partner in the Southeast Region. “Over the last 12 months the market has grown approximately 22 percent and with the continued influx of new residents we expect that growth to continue.” Located at 940 City Plaza Way, Park Place is a garden-style apartment community offering a mix of one-, two-, and three-bedroom floor plans that was completed in 2015 as part of the Park Town Center development, a 108-acre master planned town center.
