Big deal: Still-new Seminole County apartments sell for $90M

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

A still-new apartment community in Seminole County sold last week for $90 million, instantly making it the top sale in 2023 for the suburban Orlando county and among the highest trades this year in the Orlando metro.

Read: Has our housing market peaked? These local Realtors say so

Seminole County records show DTR MF Owner LLC, a subsidiary of New York-based Journey Capital Real Estate Partners, bought the 342-unit Alta Cypress property in Longwood.

The seller of the property was Alta Cypress LLC, an entity related to the property’s developer, Atlanta-based Wood Partners.

Click here to read the full story on the Orlando Business Journal’s website.