Category Archives: Investors in Florida

Who is buying at Mosiac at Millenia?

Posted on March 2, 2011 by | Leave a comment

Greg Allen recently wrote an article for NPR stating, “In Florida, it’s a great time for Canadian buyers”. We certainly found that to be true at Mosaic at Millenia, located in Orlando, FL. In just 12 months Coldwell Banker NRT Development Advisors sold out 248 homes. The buyers were international investors many from Canada. These cash buyers are clearly not afraid to jump on sound investments when they see them – as evidenced at Mosaic at Millenia.

Coldwell Banker NRT Development Advisors, which managed marketing and sales for the property, ignored traditional real estate marketing practices to sell the units and instead tapped its global network of brokers to identify potential investor buyers.  These investors shared the company’s vision of Mosaic at Millenia as an attractive purchase with the opportunity for  a positive cash flow in an enviable area (near local attractions, a high-end mall and more). 
 

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Posted in Canadian Investors, Investors in Florida

Mosaic at Millenia closes more than 100 condos in less than five months

Posted on October 14, 2010 by | 2 Comments

After receiving local, and even international, media coverage for bucking the trend in the current real estate market and securing multiple purchase contracts per week, Orlando’s Mosaic at Millenia followed up that success by closing more than 100 contracts within a five-month period.  Nearly 50 additional homes are currently under contract and waiting to be closed.  Most notable about these sales is that the majority of contracts were submitted by international buyers.

Coldwell Banker NRT Development Advisors, which manages marketing and sales for the property, ignored traditional real estate marketing practices to sell the units and instead tapped its global network of brokers to identify potential investor buyers.  These investors shared the company’s vision of Mosaic at Millenia as an attractive purchase with the opportunity for  a positive cash flow in an enviable area (near local attractions, a high-end mall and more).
“Securing contracts for these tenant-occupied condos was only half of the process,” said Alec String, Coldwell Banker NRT Development Advisor’s Florida vice president of sales.  “Much of the Mosaic at Millenia’s success can be attributed to the sales team’s follow-up process, as they had to oversee each time-intensive step from contract to closing to ensure it was seamless process for the investor buyers.  The team’s deep relationships with the investor representatives and title companies were key.”

The one-, two- and three-bedroom homes at Mosaic at Millenia – which feature private patios/balconies, 9-foot ceilings, crown moldings, chair railings, assigned parking, designer kitchens, valet trash service and alarm systems – are listed from the high $60,000s to the high $90,000s and have historically offered a return of $700 per month in rent.  The community is located within a Greenbelt area, yet only walking distance to Mall at Millenia’s boutique shopping and restaurants, and includes a lighted tennis court, pool, business center, media room, outdoor grilling area, sand volleyball court, billiard room, theater room and playground.

Mosaic at Millenia’s sales manager, Joe Wake, can be reached at 407-493-6736 (office) or 407-493-6736 (cell). The community is located at 3573 Conroy Road, Orlando, FL 32839. www.MosaicAtMillenia.com

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Posted in Closing, Company news, Condo, Investors in Florida

Mosaic at Millenia experiences surge of investor sales in Q1 2010

Posted on April 27, 2010 by | Leave a comment
Securing multiple purchase contracts per week is a trend that has not been seen in Orlando’s residential real estate market in quite a few years, but it is quickly becoming the norm at Mosaic at Millenia, where Coldwell Banker NRT Development Advisors manages marketing and sales.  Most notable about the sales is that virtually all of the buyers are cash investors, pointing to a return of the real estate investor market in Orlando, which abruptly went from being one of Forbes’ top 10 U.S. real estate markets for investment in 2008 to having one of the highest housing vacancy rates in the U.S. in 2009.  
 
Coldwell Banker NRT Development Advisors ignored traditional real estate marketing practices to sell the units and instead tapped its global network of brokers to identify target buyers.  It didn’t take long to spread the word about Mosaic at Millenia’s uncommonly high occupancy rates, plentiful selection, quality construction and realistic pricing, as well as Orlando’s strengthening economy, before NRT Development Advisors received a surge of contracts.  In the past two months, Mosaic at Millenia experienced a level of investor interest that Florida hasn’t seen in years, possibly pointing to the beginning of a local – or event statewide – market revival.
It seems as if international investors are itching to get back into Florida’s real estate game.  While they may be much more exhaustive when analyzing today’s purchases, these cash buyers are clearly not afraid to jump on sound investments when they see them – as evidenced at Mosaic at Millenia.

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Posted in Investors in Florida, NRT Development Advisors, Real Estate, Sales and Marketing