Acquisition of The Addison at Universal Boulevard

Deal value: $112,000,000

Institutional acquisition of a 493-unit garden-style multifamily property in Orlando, Florida, targeting strong Sun Belt migration and stable rent growth.

The acquisition targets a high-quality, garden-style multifamily asset in Orlando, Florida, capitalizing on robust Sun Belt migration, population growth, and stable rent growth. The core motivation is to secure exposure to a market with strong demographic tailwinds, limited new supply, and resilient rental demand. The timing reflects investor confidence in multifamily fundamentals and the opportunity to acquire scale in a region benefiting from economic expansion and household formation.