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REAL ESTATE - NEWS

The Praedium Group Purchases The Adeline Multifamily Community

The Praedium Group completes the acquisition of The Adeline Multifamily Community in Maitland, FL.

Tuesday, August 20, 2019
The Praedium Group Purchases The Adeline Multifamily Community

The Praedium Group Purchases The Adeline Multifamily Community

REAL ESTATE - NEWS

by Caner Ozdemir

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The Praedium Group, a privately-held real estate investment firm founded in 1991, has completed more than 370 transactions to date and representing $12 billion. Chris Hughes, Principal of The Praedium Group, announced the completion of The Praedium Group's latest investment. The Adeline in Maitland, FL, became the newest multifamily community that The Praedium Group added to its portfolio.

Built in 2018, The Adeline consists of three three-story buildings and offers a choice of one, two and three-bedroom houses. The 694 SF to 1,475 SF houses features luxurious bathrooms, LED lighting, and contemporary kitchens. There is a social club, bar, fitness center and pool and Wi-Fi is available in these public areas. Situated on the shores of Lake Gem, The Adeline promises a unique lakefront-living experience with its 237-units.

The Adeline is situated between Lake Mary's office market and Downtown Orlando and is lined with business districts. There is a business area of ​​22,000 people within a 15-minute drive. With the growth of Orlando's business world, new business areas are opening up every day, and the number of employees around the property is increasing day by day, making The Adeline an attractive real estate for newcomers.