Cardone Capital Pays $89.9M for 282-Unit Naples Multifamily Community
Cardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real…
Cardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate transaction involving a multifamily property acquisition with no novel financing structure or broader market impact.