Middleburg Real Estate Acquires Multifamily Property In Orlando From Red Clay Development Partners For $100.5M

Middleburg Real Estate has acquired a multifamily property located at 1005 Champions Ridge Drive in Orlando. The transaction, facilitated by Berkadia brokers Brett Moss, Tyler Swidler, Cole Whitaker, and Matt Mitchell, was completed on July 18, 2022. The seller of the property was Red Clay Development Partners.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $100,500,000
• Number of Units: 300
• Price per Unit: $335,000

The property at 1005 Champions Ridge Drive offers a prime investment opportunity in the Orlando market. With its impressive 300 units, this multifamily asset demonstrates Middleburg Real Estate's strategic move towards expanding their portfolio in Orlando. Red Clay Development Partners played a crucial role as the seller in this transaction, with Berkadia brokers Brett Moss, Tyler Swidler, Cole Whitaker, and Matt Mitchell representing their respective clients throughout the deal.