Berkadia Arranges Sale of Brand-New Class AA Luxury Apartment Community in Central Florida
Middleburg Real Estate acquired Indigo Champions Ridge in Davenport, Florida
ORLANDO (July 18, 2022) – Berkadia announces it has arranged the multifamily housing sale of Indigo Champions Ridge, a brand-new, 300-unit luxury Class AA garden-style apartment community strategically located in-between the greater Orlando and Tampa metropolitan areas. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Cole Whitaker, and Senior Managing Director Matt Mitchell of Berkadia Orlando and Tampa Investment Sales represented the sellers, Red Clay Development Partners, a real estate development company based in Peachtree Corners, Ga., and Atlantic Residential, a private commercial real estate firm based in Atlanta, Ga.
Middleburg Real Estate, a real estate company based in Middleburg, Va., acquired the property for $100.5 million.
“Indigo Champions Ridge is well-poised to capture continuous demand in Central Florida given its top-of-market finishes and amenities, immediate access to an array of lifestyle and employment drivers, and advantageous location at the crossroads of the award-winning master-planned communities of ChampionsGate and Reunion,” said Moss.
Completed in 2022, and located at 1005 Champions Ridge Drive, Indigo Champions Ridge is a three-story garden-style community offering one-, two- and three-bedroom apartments averaging 787 square feet to 1,340 square feet. Individual units feature fully equipped kitchens with stainless-steel and energy-efficient appliances, luxurious granite countertops with undermount sinks, chef-style kitchen faucets, designer pendant lighting, wood-inspired flooring, stand-up glass showers and soaking tubs, oversized closets with plentiful storage, and expansive private balconies and patios.
Community amenities include a resort-style swimming pool with a relaxation deck, 24-hour state-of-the-art fitness center, yoga lawn, Bocce ball courts, outdoor pavilions with fire pits and grilling stations, complimentary coffee and craft beer bars, a co-working lounge, a dog washing station and bark park, and a package locker system.
Ideally situated in Polk County, Indigo Champions Ridge’s location just north of the I-4 and Highway 27 Interchange positions the Property to enjoy proximity to a multitude of logistics titans including Amazon, Walmart and CVS, amongst others. Additionally, the property is encircled by a strong healthcare contingent inclusive of nearly 2,000 hospital beds and benefits from convenient connectivity to Orlando’s world-renowned Tourist Corridor. Further, Indigo Champions Ridge is situated at the nucleus of the “I-4 Corridor,” enjoying proximity to two of the fastest growing MSAs in the nation, with Orlando and Tampa ranking 3rd and 5th, respectively, for net in-migration.