Equus Capital Partners, Ltd. Acquires 255-Unit Multi-Family Community in Orlando, FL

Equus Capital Partners, Ltd. (“Equus”), a national real estate investment manager, announced today that an affiliate completed the acquisition of Madison Waterford Lakes (f/k/a Caroline Waterford Lakes), a 255-unit, 93% occupied, Class A garden-style rental community located in Orlando, FL. The property was acquired on behalf of an Equus sponsored value-add fund, Equus Investment Partnership XII, L.P.

The seller was represented by Scott Ramey and his Orlando based Newmark investment sales team.

Madison Waterford Lakes is a 2023 vintage garden style community comprised of a mix of one-, two-, and three-bedroom units. The property consists of four residential buildings that are each elevator served, and the average unit size is 946 square feet. The property boasts a luxury amenity package, including a spacious resident clubhouse with kitchen and lounge, a 24-hour fitness center overlooking a pool, carports, EV charging stations, and detached garages.

“We are excited to maintain our presence in the fast-growing Orlando metro-area with the acquisition of this high-quality Class A property in the under supplied submarket of East Orlando. While Orlando as an MSA has suffered from a supply glut in the last 18 months, there have only been three other market rate deliveries within a three-mile radius of Madison Waterford Lakes since 2010 and we believe the property is poised to capitalize on these favorable supply and demand dynamics,” commented Scott Miller, Associate, who oversaw the transaction for Equus along with Laura Brestelli, Senior Vice President and Alex Mazur, Analyst. “The Orlando market is anticipated to gain approximately 150,000 residents by 2027 and continues to be a highly sought after apartment rental market. Given the proximity of Madison Waterford Lakes to over two million SF of retail and notable employers, such as the University of Central Florida, Lockheed Martin, AdventHealth, and Siemens, the community will provide an attractive home to renters for years to come,” Miller continued.

Madison Apartment Group L.P., the multi-family operating affiliate of Equus, will oversee the operations in managing the property along with executing certain planned strategic capital upgrades.