Cioffe & Sons Enterprises [CSE], is pleased to announce it has acquired a position in the Enclave at Lake Ellenor in Orlando Florida. Managing the transaction is East Coast eREIT™ who has partnered with the Sponsor, Robbins Electra Management (REM), to acquire the Enclave at Lake Ellenor, a fully stabilized 296-unit garden-style multifamily property located in Orlando, FL.
The Sponsor is an experienced owner and operator of multifamily properties throughout the Southeastern region of the United States. REM has acquired a portfolio of over 51 communities totaling more than 15,000 units.
CEO Thomas Cioffe has stated: “We are pleased to be involved in this important investment. The Orlando market presents a strong opportunity for high multifamily demand with its robust demographics and economic fundamentals. It has been among the fastest growing Metropolitan Statistical Areas (MSAs) in the U.S. for both population and jobs. Orlando has been a top performer for the last six years due to its centers of tourism, education, and aerospace research.”