Unicorp’s related Maguire Roberson LLC sold the nearly 2-year-old, 276-unit Casa Mirella apartment complex in Windermere for $50 million, or $181,159 per unit, to Raia FL SPE Hackettstown II LLC, an entity related to Ramsey, N.J.-based Raia Properties Corp., Orange County records showed. The sale closed on Aug. 3.
The price per square foot was among one of the highest in local apartment sales in the last several months. Unicorp President Chuck Whittall told Orlando Business Journal he elected to sell the property because “we received a good offer.”
Unicorp first began working on the $40 million Casa Mirella project in late 2012,debuted its first 216 units in late 2013 and completed the final 60 units earlier this year. The property was more than 90 percent occupied at the time of the sale, Whittall said