Atlas Picks Up 384-Unit Orlando Rental Community

Atlas Picks Up 384-Unit Orlando Rental Community
News| July 22, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

Atlas Real Estate Partners acquired Perse Apartments, a 384-unit community in Orlando.

Trion Properties was the seller. Multihousing News reports that four years previously, Trion purchased the property from Fifteen Group for $107.8 million. Pacific Coast Capital Partners issued a $68 million acquisition loan for that transaction.

Perse Apartments opened its doors in 2008 at 8151 Patterson Woods Drive. The property features 17 three-story buildings across a 21-acre site. Units have one-, two- and three-bedroom layouts ranging from 772 to 1,312 square feet. 

Shared amenities include a resort-style pool with sundeck and cabanas, a fitness center and a clubhouse. The new ownership plans to improve these community features and renovate other common areas and unit interiors.

JLL Capital’s Ted Taylor and Kyle Butler led the Investment Sales and Advisory team that represented the seller. Berkadia’s Scott Wadler, Matt Robbin, Brad Williamson, and Mitch Sinberg arranged the financing for the acquisition.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up