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Fifteen Group, Meritage Acquire Orlando MF Complex for $69M
A joint venture between affiliates of Miami-based Fifteen Group and Meritage Group LP completed the acquisition of Patterson Court Apartments in Orlando, FL for $68.65 million. The 384-unit property spans 21 acres, and is master-leased to Walt Disney World Company through 2023.
Fifteen Group’s Justin Toal says, “This acquisition provides an opportunity to capitalize on attractive in-place yield, with added upside in the growth of the south International Drive submarket.”
Patterson Court is located at the intersection of International Drive and Little Lake Bryan Road, in the heart of the desirable I-Drive corridor in Orlando. It is near major employment centers, such as Walt Disney World, SeaWorld, the Orlando Convention Center, Downtown Orlando and the Orlando Vineland Premium Outlets.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

