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The sale of Summerlin at WinterPark Condominiums, a Marcy 2006 condo-conversion by Hialeah-based Puig involved 209 of 256 unitsw for an undisclosed price. The remaininy 47 units had sold toindividual owners. The units were sold out of bankruptcgyby , which held the senior debt on the according to a news release. The projectf on Goldenrod Road in Winter Park was includedamonfg Puig's assets in its May 2007 Chapter 11 bankruptc y filing, the release says. Darrelkl Johnson and Kevin Miller, of Smitg Equities' special assets disposition group, were the exclusive agentes representing Winter ParkResidences Corp. in the transaction.
The new owneras are expected to complete renovations and begi leasing and sales of newlyu remodeled unitsthis month, the release says. A fractured condominiu m involves a multifamily complezx where some of units were soldas condos, but the bulk remaij unsold and are rented out as Smith Equities Real Estate Investment Advisors specializesz in apartment sales and financing throughout Florida.
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