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Middleburg Communities Joins Forces with SFO Capital Partners for $87M Orlando Multifamily
Vienna, VA-based Middleburg Communities and London-based SFO Capital Partners have jointly acquired The Baldwin, a newly built, 270-unit Class A multifamily community in Orlando, FL.
According to sources familiar with the transaction, the purchase price was $87.3 million and Berkadia represented the seller, Catalyst Development Partners/The Carlyle Groups.
The Baldwin is walking distance of many of Orlando’s business and leisure generators and a 20-minute drive from more than 449,000 jobs. The community is comprised comprises nine, three-story residential building situated on approximately 10.5 acres.
Middleburg acquired Indigo Champions Ridge in the Orlando submarket Davenport in July for $101 million, and the company’s investment activity in Central FL also includes the development of Mosby Citrus Ride in Davenport.
“Given the area’s continued growth and population inflows, there is a significant need for the high-quality, attainable housing communities we have acquired or are developing,” said Chris Finlay, CEO of Middleburg Communities.
- ◦Sale/Acquisition
