Emma Capital Investments Inc. announced it has purchased a 408-unit apartment community in Orlando for a purchase price of $US 47,000,000. This is Emma Capital's first investment in Florida and its 22nd acquisition in the U.S.

Heritage on Millenia (Heritage), a 303-unit multi-family apartment community in Orlando, Florida, will soon be acquired by the Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone). Heritage will be purchased for $40.0-million U.S. and is expected to be fully acquired by March 31.