Journey Capital Real Estate Partners Acquires Alta Cypress Multifamily In Longwood For $90M

The Alta Cypress apartment community in Longwood has been sold for $90 million, making it Seminole County's top sale of 2023 and one of Orlando's notable trades this year. The property is a multifamily asset consisting of 342 units, with a price per unit of $263,158. It is located at 375 Summer Cypress Cove in the Longwood market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Units: 342
• Price Per Unit: $263,158
• Address: 375 Summer Cypress Cove
• Market: Longwood

The buyer of the property is Journey Capital Real Estate Partners, represented by Peter Calatozzo and Josh Kogel. The seller is Wood Partners, and the broker involved in the transaction is Scott Ramey from Newmark. The purchase aligns with Journey Capital Real Estate Partners' strategy of acquiring high-quality properties in a growing market. This acquisition positions them as a key player in the Longwood real estate landscape.