GDC sells Florida rental communities

Luxury amenities featured at coastal property

GDC Properties Inc. recently completed the sale of two Florida apartment communities to investment firm Ashkenazy & Agus Ventures LLC, for a total of $67.4 million, the company announced. The first property, Courtney Place Apartments, located at 4300 South Kirkman Road in Orlando, sold for $27 million. Built in 1997, the 238-unit community includes a fitness center, pool, resort-style clubhouse and detached garages. The second property, Courtney Village at 10380 Foxtrail Road South in Royal Palm Beach, sold for $40.4 million. Built in 2001, the 232-unit gated community has luxury amenities and an exceptionally desirable location near trendy downtown West Palm Beach. Ashkenazy & Agus Ventures LLC purchased the properties. GDC Properties Inc. is an integrated development, investment and management company specializing in income properties throughout Florida, Atlanta and the greater New York Metropolitan area. *** What's your opinion? Send your Letter to the Editor to opinio...