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CNL Financial Group (CNL), formerly Commercial Net Lease, is an Orlando, Florida based private investment management and commercial real estate company. It was started in 1973 by James Seneff. [1] The company has been a major player in efforts to redevelop Orlando's downtown.
It is organized in Maryland with its principal office in Orlando, Florida. [1] As of December 31, 2019, the company owned 3,118 properties containing 32.5 million square feet, 17.6% of the company's revenue was from properties in Texas, and 8.8% of the company's revenue was from properties in Florida. [1]
The five Adventure Landing locations owned by Adventure Holdings, LLC were purchased in April 2011 by National Retail Properties (NRP), a Real Estate Investment Trust based in Orlando, Florida. All the locations were sale-leaseback transactions, so Adventure Holdings continued to operate the facilities. [6]
Now, many die-hard Floridians are putting their homes up for sale and leaving. Right now, you can find nearly 200,000 homes for sale in Florida, a whopping 35% increase compared to just one year ago.
Nyx Sherwin, a real estate investor and CEO/Owner of We Buy 502, told GBR that Orlando “might be headed on a bumpy ride” in terms of the real estate market.
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