Berkadia Arranges Sale of New Class AA Garden-Style Apartment Community in Orlando
ORLANDO (September 21, 2022) – Berkadia announces it has arranged the sale of The Baldwin, a brand new, 270-unit Class AA garden-style apartment community in Orlando, Florida. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt Mitchell, and Senior Financial Analyst Bennett Hopkins of Berkadia Orlando and Tampa investment sales offices arranged the sale of behalf of the seller, Catalyst Development Partners. Middleburg Communities, a fully integrated multifamily development, investment, construction, and management company operating in the southeastern and mid-Atlantic United States, acquired the property.
“The Baldwin is well-poised to continue capturing the robust demand it experienced throughout lease-up due to its infill location, proximity to the prestigious Baldwin Park master-planned community, as well as its access to lauded Winter Park public schools. Orlando continues to benefit from outsized capital markets demand due to favorable population and employment growth metrics, underscoring strong multifamily fundamentals for the MSA into the foreseeable future,” said Moss.
Located at 800 Lombard Street and completed in 2022, The Baldwin offers one-, two- and three-bedroom apartment units that average from 756 square feet to 1,248 square feet. Individual units feature gourmet kitchens with granite counters, stainless steel and energy-efficient appliances, French door refrigerators, wood-plank inspired flooring, walk-in closets, full-sized washer and dryers, expansive pantries and storage closets, smart home features and spacious balconies or patio space. The controlled-access community’s amenities include a resort-style swimming pool with semi-private cabanas, a pool pavilion with outdoor gaming, a 24-hour fitness club, summer kitchen, clubroom with billiards, a business center, coworking spaces with complimentary coffee, a bark park, an auto care station and electric vehicle charging stations.
The Baldwin is located approximately 15 minutes east of downtown Orlando and 15 minutes west of the University of Central Florida, adjacent to the affluent award-winning Baldwin Park master planned community. The property is close to several award-winning public schools, the Central Florida Research Park, Lake Nona Innovation Hub, and within 25 minutes of more than 4,600 hospital beds, Universal Studios, Walt Disney World, and the Orlando International Airport.