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Providence Real Estate Snags Orlando Apartments Near Baldwin Park
Providence Real Estate, LLC, a Chicago-based multifamily owner-operator, acquired the Infinity Residences at the Park apartments located beside the Baldwin Park master-planned community in Orlando. The property was acquired for an undisclosed sum by Providence Multifamily REIT, a Providence-managed private REIT.
Built in 1998, Infinity consists of six residential apartment buildings and a clubhouse and leasing center. It’s located across the street from Baldwin Park, a 1,100-acre master-planned residential community that includes one million square feet of office and retail space along with more than 50 miles of walking paths and trails. Infinity is anticipated to undergo exterior and interior renovations and will be renamed “Infinity off Baldwin Park.”
Providence EVP Kevin Finkel said, “The acquisition of Infinity offers a tremendous opportunity to own an infill multifamily property with proven value-add renovation upside potential in a highly sought-after and affluent area of Orlando.”
- ◦Sale/Acquisition
