Florida & Gulf Coast + Central Florida + Apartments | April 13, 2021

Orlando Apartments Trade for $58M

Berkadia has arranged the $57.8 million sale of Verso Luxury Apartments, a 250-unit apartment community located southwest of Orlando in Davenport.

Built in 2020, Verso Luxury Apartments is located at 6100 Echelon Way. One-, two- and three-bedroom units at the community feature quartz countertops, stainless steel appliances, tile backsplash, wood-style plank flooring, breakfast nooks, NEST thermostats and washer/dryers. Amenities include a clubhouse, resort-style swimming pool with private cabanas, fitness center, outdoor kitchen with grill area, parcel lockers, spa and a pet park.

Matt Wilcox, Brett Moss and Tyler Swidler of Berkadia’s Orlando office represented the seller, a joint venture between The Garrett Cos. and Phoenix Capital Holdings. In addition, Jason Brown and Austin Katai of Berkadia’s Indianapolis office secured an acquisition loan on behalf of the buyer, a JV between TTI Capital and Viking Cos.

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Berkadia’s Wilcox

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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