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Atlas Picks Up 384-Unit Orlando Rental Community
Atlas Real Estate Partners acquired Perse Apartments, a 384-unit community in Orlando.
Trion Properties was the seller. Multihousing News reports that four years previously, Trion purchased the property from Fifteen Group for $107.8 million. Pacific Coast Capital Partners issued a $68 million acquisition loan for that transaction.
Perse Apartments opened its doors in 2008 at 8151 Patterson Woods Drive. The property features 17 three-story buildings across a 21-acre site. Units have one-, two- and three-bedroom layouts ranging from 772 to 1,312 square feet.
Shared amenities include a resort-style pool with sundeck and cabanas, a fitness center and a clubhouse. The new ownership plans to improve these community features and renovate other common areas and unit interiors.
JLL Capital’s Ted Taylor and Kyle Butler led the Investment Sales and Advisory team that represented the seller. Berkadia’s Scott Wadler, Matt Robbin, Brad Williamson, and Mitch Sinberg arranged the financing for the acquisition.
- ◦Sale/Acquisition
