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Waterford Lakes, Avalon Park sitting pretty with retail, schools, roads

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Waterford Lakes is a suburban, family-centric haven that’s probably best known for the Waterford Lakes Town Center , a formidable shopping center that spans both sides of State Road 434 , known locally as the Alafaya Trail. Proximity to the University of Central Florida and Florida State Road 408 are also prime motivators for those considering a move to this east Orlando community . Waterford Lakes is a neighborhood, not a city; homes here have an Orlando address . Waterford Lakes residents want for very little in the way of major shopping and dining — huge big-box merchants (Old Navy, Super Target, Best Buy, etc.) are prevalent, along with popular restaurant chains , a massive Regal theater , and smaller but equally well known retailers. Despite a preponderance of big names, independent shops and cafes do proliferate, though you’ll need to search them out. Most blend into the architecture, most of which is new and attractive, but largely strip-mall/shopping center-style. Near th...

Laramar Group Acquires 694-Unit Waterford Lakes Apartments in Charlotte, NC.

Property is 13th Fund Acquisition CHICAGO and CHARLOTTE, N.C., Feb. 20 /PRNewswire/ -- The Laramar Group, a fully- integrated real estate investment and management company, today announced the acquisition of the Waterford Lakes Apartments , a 694- unit lakeside property in Charlotte, North Carolina, located at 8000 Waterford Lakes Drive . Waterford Lakes is the thirteenth property acquisition for Laramar Group's Multifamily Value Fund, which launched in December 2006. " Waterford Lakes offers residents an ideal living situation : picturesque, resort- style residences located within walking distance of rapid transit, near local employment centers , shopping and major metropolitan areas," said Jeff Elowe, president of Laramar Group. "With its lush surroundings and terrific locale, Waterford Lakes is a great addition to Laramar's portfolio, and an excellent way to round out the first year of the Multi-Famil...

Stoneleigh Companies Acquires Two Apartment Communities Totaling 478-Units in Midland, Texas

MIDLAND, TX - Stoneleigh Companies, LLC announced the acquisition of two existing apartment properties in Midland, Texas: the 278 unit apartment project called Waterford Lakes Apartments ; and the 200 unit apartment project called Waterford at North Park. The properties are the eleventh and twelfth multi-family projects acquired/developed by Stoneleigh in the past three years and follow the Waterford Ranch acquisition in 2011 in Midland. Rick Cavenaugh, President of Stoneleigh, stated “Waterford Lakes and Waterford at North Park Apartments (formerly The Lakes and Windscape) affirm our commitment to Midland, Texas. The properties were rebranded at closing and will be managed by Waterford Residential , our affiliated property management division . Acquisition financing was provided by KeyBank N.A. through two bridge loans. We intend to close on a KeyBank - Freddie Mac CME loan in January 2013 and will bring our FMAC financed portfolio to nine projects.” James O...