Continental Realty Corporation Acquires 276-Unit Mirella at Windermere Apartment Community Near Orlando

WINDERMERE, Fla. – Baltimore-based Continental Realty Corporation (CRC) has acquired Casa Mirella, a 276-unit garden-style apartment community in Windermere, Florida, within the Orlando metro, the company announced Nov. 13, 2026. CRC has rebranded the property as Mirella at Windermere.

JLL was involved on both sides of the transaction. JLL's Ted Taylor and Kyle Butler represented the seller, while JLL's Jamie Leachman, Amit Kakar and Melissa Quinn arranged acquisition financing through PGIM. The PGIM team was led by Trevor Arnholt and Ben Feigenbaum.

Property Details for Mirella at Windermere

Delivered in 2013, the community at 101 Casa Mirella Way offers one-, two- and three-bedroom apartment homes with oversized kitchen islands. Floor plans average nearly 1,400 square feet and are among the largest in the submarket, according to CRC. Based on the unit count and average floor-plan size, the property totals roughly 386,400 square feet of apartment area.

The community is near SR 429, Florida's Turnpike and SR 408, with access to downtown Orlando and employment centers along the I-4 corridor. Existing features include a resort-style saltwater pool and screened-in balconies.

CRC's Planned Improvements

CRC plans to refresh apartment interiors and enhance shared spaces. The existing clubhouse will be remodeled to include an expanded fitness center. The company also plans to update playground equipment, with the goal of creating a gathering space adjacent to the lake, and to refresh the dog park with new agility equipment. Improvements to the lakeside trail are also planned.

"Working as one vertically integrated team helps us make thoughtful decisions for the community, even when market conditions change," said Dana Caudell, CRC's Executive Vice President, Multifamily Operations. "Our focus now is on making improvements residents will notice and enjoy day to day."

Expanding CRC's Florida Multifamily Portfolio

The acquisition adds to CRC's Florida multifamily holdings, which include The Grand Reserve at Tampa Palms, Henley Tampa Palms and Waterview at Coconut Creek. The company also owns and manages 1.3 million square feet of retail in the state.

CRC is a vertically integrated, privately held real estate investment and management company founded in 1960. It reports approximately $5 billion in assets under management across 16 states, with more than 10 million square feet of retail space and more than 10,000 apartment homes. The company owns and manages 40 apartment communities and says its Florida experience dates back more than three decades.

Its acquisitions, asset management and property management teams work together from underwriting through property operations.

"The acquisition reflects our ability to find opportunities when markets are unsettled. Since our founding in 1960, the company has invested through many real estate cycles, and that experience shapes how we identify and pursue acquisition opportunities today," said Ari Abramson, CRC's Managing Director, Multifamily Acquisitions. "Sellers want a buyer they can count on to close, and we have a longstanding reputation as a buyer of choice."

Market Context

The transaction involved institutional financing from PGIM, arranged by JLL. CRC characterized the purchase as an example of pursuing acquisition opportunities when markets are unsettled and emphasized its ability to close, a point Abramson made in announcing the deal.

Sources

• Continental Realty Corporation press release: https://www.crcrealty.com/continental-realty-corporation-acquires-casa-mirella-in-orlando-fl-expanding-florida-multifamily-portfolio/