Red Clay Development, Atlantic Residential Fetch $101M for Davenport Multifamily
The Atlanta, GA-based team of Red Clay Development Partners and Atlantic Residential has received $100.5 million for Indigo Champions Ridge, a brand-new, 300-unit Class AA garden-style apartment community located midway between Orlando and Tampa in Davenport, FL.
The property sits in Polk County just north of the I-4 and Highway 27 interchange between two of the nation’s fastest growing MSAs; per Berkadia, Orlando and Tampa rank 3rd and 5th, respectively, for net in-migration.
Brett Moss, Tyler Swidler, Cole Whitaker and Matt Mitchell of Berkadia represented the sellers. Middleburg, VA-based Middleburg Real Estate acquired the asset.
The three-story, garden-style community was completed in 2022. Indigo Champions Ridge amenities include resort-style swimming pool with deck, 24-hour fitness center, yoga lawn, Bocce ball courts, outdoor pavilions with fire pits and grilling stations, complimentary coffee and craft beer bars, co-working lounge, dog washing station and bark park and a package locker system.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.