CGI+ sells Cane Island in Florida for $43.5MM

Posted on November 22, 2021

Sunset over Cane Island in Kissimmee Florida“Our team has owned and operated apartment communities in the Greater Orlando area for nearly 10 years. This history along with our strong relationship with the Orlando NKF Team allowed us to source this unique opportunity off market in 2017.” – CGI+ Managing Partner, Mark Cohen said after this week’s sale of Cane Island to Venterra Realty.

“Given Orlando’s strong recovery story, along with NKF’s excellent marketing abilities, we were able to maximize value for our investors, outperforming our original 10-year exit projections by more than 30% in only four years”.

We are incredibly proud of the CGI+ team and everyone involved in the restoration, management and marketing of this beautiful asset and bringing it to a 98% lease up upon sale. Extending an additional thank you to Newmark Knight Frank and Broker, Scott Ramey for their assistance in the sale.

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