Carr Law Firm, P.A.
Serving All Of Florida
407-426-9300 888-351-0905

2 Orlando properties purchased by business from another state

For many businesses located throughout the nation the purchase or sale of real estate is a part of its operation. In some cases it is a peripheral matter. Other times however, purchasing and managing commercial properties is the point of the business. Recently two properties in the Orlando area were purchased by a business based in another state. The properties are multifamily residential apartment homes.

McKinley, the company that purchased the properties, indicated the fact that it owns several other properties in the area was one reason behind the decision to purchase Villa Capri and Bella Vita. The properties are located near the theme parks Orlando is famous for. Another incentive to purchase the real estate is their proximity to the upscale Mall at Millennia.

The apartment homes could potentially be appealing to many individuals. In addition to offering apartment homes of various sizes, the property most recently purchased, Bella Vita has pools, a fitness center and a clubhouse. McKinley indicates that it will complete renovations on both of the properties over the course of the next two years.

The purchases of both of these properties were completed in a very short amount of time when it comes to real estate matters—30 days. This is remarkable when one considers the many matters that need to be addressed in a commercial real estate transaction. The failure to address these issues properly at the outset can potentially lead to expensive real estate disputes down the line. Accordingly, it is important to work with professionals who understand how to complete such deals correctly. In many cases this includes a real estate lawyer.

Source: Multi-Housing News, “McKinley Acquires Two Orlando Communities in 30 Days,” Jeffrey Steele, Dec. 4, 2013

No Comments

Leave a comment
Comment Information
| Email Us For A Response

What Clients Say About Carr Law Firm

  • Pete Carr has represented my companies for the past several years. He has handled all of the companies litigation needs along with providing legal counsel and legal documents as needed. Pete is always extremely professional but the thing that I like the most about Pete is how responsive he is when needed.
    Danny Quinn, President
    Quinn Commercial, Inc and Quinn Contractors, Inc.
    read more
  • Peter Carr of the Carr Law Firm, P.A., has represented various companies I owned since 2009. Mr. Carr is a great talent in landlord/tenant disputes and general corporate litigation. In every case he has represented me in, he researched and advised me of the best solutions to either settle the case or to fight.
    Abdul Mathin
    Blackmine Property Management
    read more
  • Pete has been my attorney for many years. I previously worked with other attorneys and what I like about Pete is that he looks at all angles of the situation and gives me advice that is in my best interests, even if it’s not what I want to hear. When necessary, he litigates aggressively.
    Vincent F. Wolle, CCIM, SIOR
    Broker-Investment Partner
    Results Real Estate Partners, LLC
    read more

Carr Law Firm, P.A.
203 E. Livingston Street
Orlando, FL 32801

Toll Free: 888-351-0905
Phone: 407-426-9300
Fax: 407-426-9304
Map & Directions