Eagle Property Capital Acquires Windrift Multifamily Property In Orlando For $48.5M

Eagle Property Capital has purchased the Windrift multifamily property in Orlando, Florida for $48.5 million. The property, located at 949 Crowsnest Circle, consists of 288 units, with a per unit price of $168,403. The sale was facilitated by Marcus & Millichap's Institutional Property Advisors, with Shelton Granade, Luke Wickham, and Justin Basquill from the agency handling the transaction. The seller, Bridge Investment Group, was represented by Robert Morse.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $48,500,000
• Address: 949 Crowsnest Circle
• Market: Orlando
• Buyer: Eagle Property Capital - Rodrigo Conesa
• Seller: Bridge Investment Group - Robert Morse
• Brokers: Shelton Granade, Luke Wickham, and Justin Basquill - Institutional Property Advisors - Marcus & Millichap Florida
• Units: 288
• Price per Unit: $168,403

The acquisition of the Windrift multifamily property by Eagle Property Capital was driven by several factors. Orlando's robust job market, value-add potential, and the property's proximity to dining, entertainment, and retail options were key considerations in the purchase decision. The transaction underscores the ongoing interest in Orlando's real estate market and the confidence investors have in its growth prospects.