A Class A multifamily community in an Orlando submarket has sold for $100.5 million.
The purchase is a joint venture between Middleburg Communities, a multifamily development and investment company, and Stockbridge, a private equity real estate investment development firm. The property, Indigo Champions Ridge is a 300-unit multifamily community in Davenport, considered one of the fastest-growing metropolitan statistical areas in the country.
Adam Bieber of Bellwether Enterprise, headquartered in Cleveland, facilitated the joint venture and the financing for the deal which was provided by Synovus Bank, headquartered in Georgia.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
