The project will consist of four, four-story residential buildings and feature keyless Bluetooth entry throughout the property, 10-foot ceilings within several units, coworking space, and a lakeside fitness track.

"Rapid employment and population growth in the Orlando area are driving significant demand for accessible housing near transit and other convenient amenities," said James Sullivan, managing partner at Fore.

The Southwest Orlando submarket has attracted a roster of corporate tenants, including several prominent technology and healthcare companies. Specifically, as Orlando has grown, Southwest Orlando has benefited from the growth of healthcare providers including the expansion of Orlando Health, Osceola Regional Medical Facility, and Adventhealth.

This investment marks Canyon's third joint venture equity investment into opportunity zones, and second investment in partnership with Fore. Over the last five years, Canyon has invested more than $900 million in debt and equity in multifamily investments nationwide, supporting the financing of over $2.8 billion of project capitalization.