“Lakeside at Winter Park is in an attractive location within the Greater Orlando market, a geography PRG has been investing in and targeting for many years,” said Ron Orgel, Managing Director and Head of East Coast Acquisitions at PRG. “Given PRG’s value-added experience and knowledge of the Orlando market, we look forward to continuing to develop and maintain the facilities at the property, including improving the units and amenity offerings for the residents. We appreciate CIT’s agility and expertise in arranging this financing.”
“We regularly invest in residential properties in major metropolitan areas and Lakeside at Winter Park is a great fit for our portfolio,” said Chris Niederpruem, managing director and group head for CIT’s Real Estate Finance business.
CIT’s Real Estate Finance business, part of the