Corebridge Real Estate Investors (CREI) has recapitalized a joint venture with a gross asset value of $670 million. Terms were not disclosed. The portfolio includes six Class A apartment buildings, totaling 1,990 units with a 95% occupancy rate. The new institutional investor, CBRE Investment Management, will hold a 44.5% stake alongside CREI in the properties, which are located in the Los Angeles, Denver, St. Louis, Boston, Tampa and Orlando metro areas.
Baldwin Harbor is among the six apartment buildings in the portfolio. Surrounding the Baldwin Harbor community, there is a variety of dining options where residents can explore new dining options and find restaurants for everyone to enjoy. Near the luxury apartments in Orlando, FL, can be found restaurants like The Osprey Tavern, Colibri Mexican Cuisine, and Seito Sushi.
Baldwin Harbor offers luxury apartments in the beautiful Baldwin Park neighborhood of Northeast Orlando. Each of our one bedroom, two bedroom, and three-bedroom apartments are carefully designed to bring maximum comfort and space.
Nestled just south of Harbor Park and Lake Baldwin. Known for its sense of friendly community, the Baldwin Park area offers wide sidewalks on every street, bike paths and a kid & pet-friendly atmosphere at every park and community event. The prime location of our brand-new apartment community allows you to enjoy the incredible views from your own luxury Lake Baldwin Orlando apartment. Discover a better lifestyle. Discover Baldwin Harbor.
“We are delighted to welcome our new partner in this significant recapitalization,” said Doug Tymins, president and CEO of CREI. “CBRE Investment Management brings deep experience and a long-term perspective to the venture. This portfolio of Class A apartments represents a compelling opportunity to deliver strong returns through strategic management and targeted enhancements.”
The transaction was facilitated by JLL Securities, LLC, with legal counsel provided by Gibson Dunn and Crutcher, LLC.
