Blackfish Investments Acquires MultiFamily Property In Orlando For $68.5M

The property involved in this transaction is Veere Apartments, a multi-family asset consisting of 250 units. It is located at 10000 Palma Linda Way in Orlando, Florida. The sale price was $68,500,000. The community, developed by Epoch Residential in 2020, features one-, two-, and three-bedroom units equipped with modern amenities such as stainless steel appliances, contemporary cabinetry, granite countertops, and USB charging ports. Additionally, the property includes a range of amenities like a two-story clubhouse, resort-style pool, a fitness center, and a gated dog park with an indoor pet spa.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $68,500,000
• Seller's Representative: Matthew Wilcox-Berkadia
• Buyer: Blackfish Investments
• Lender: Nationwide Life Insurance Company
• Financing Amount: $36.3 million
• Loan Type: 10-year, fixed rate loan with full term interest-only payments

In this deal, Berkadia's Orlando office represented the seller, Epoch Residential, with brokers Brett Moss, Matthew Wilcox, and Tyler Swidler involved. Michael Weinberg, Wesley Moczul, and Alec Fox from Berkadia arranged the acquisition financing for the buyer, Blackfish Investments, facilitating the necessary financial support for this significant transaction.