Berkadia Completes $62.3 Million Sale of Multifamily Property in Florida

May 5, 2022

ORLANDO, Fla. – April 29, 2022 – Berkadia announced today the sale of The Lexington at Winter Park, a 228-unit multifamily property located in Winter Park, Florida. Senior Managing Director Cole Whitaker, Director Mary Beale, and Associate Director Lauren Gassie completed the $62.3 million sale on behalf of the seller, Massachusetts-based Aspen Square Management. The buyer was Texas-based Westmount Realty Capital, and the deal closed on April 21.

“Lexington presented a great opportunity for the Buyer to acquire a community in one of the best Central Florida markets,” said Whitaker.

Located at 1701 Lee Road, The Lexington at Winter Park features multiple floor plans with walk-in closets and private patios. Community amenities include a resort-style swimming pool, a state-of-the-art fitness center, a new clubhouse, Amazon locker hub and a dog park. The property affords residents convenient access to the highly sought-after Winter Park lifestyle of upscale dining, shopping, and entertainment.

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