About Akarsh Kolaprath (A.J.)
Mr. Kolaprath has vast experience in multifamily properties. He has invested his time and effort to ensure quality projects are put together with a core group of experienced professionals who will ensure each project is completed in a cost effective and timely manner.
Mr. Kolaprath’s responsibilities include finding the best locations, sourcing funds, obtaining planning permission, building on raw land, organizing renovations or repairs, or leasing property, all with the end goal of making a profit on a particular project.
On a recent interview with GrowthSpotter, Mr. Kolaprath is working on a new project, located in the Mercy Drive area, with plans for a $32 million expansion and renovation as they strive to meet the demand for affordable rental homes in Orlando. and has applied to the city of Orlando for an update to the Growth Management Plan, rezoning and master plan approval for a multiphased project that would bring 229 new apartments to the area west of the newly designated Packing District.
Mr. Kolaprath is currently in talks with the design team from Cuhaci & Peterson to select materials and cost-engineering the project to keep it within budget. The property will be located along a bus line and within walking distance to the city’s Northwest Neighborhood Center, which has a public pool, tennis and basketball courts and computer labs.
At the present time, Mr. Kolaprath and team owns and manages over 250 multi-family properties in Florida and its projected in the path to grow well over 1000 units estimated by 2025.