Source: ECI Group
ORLANDO, FL - ECI Group announced the acquisition of Verso Luxury Apartments, a 250-unit, new in 2020, "Big House" concept, multifamily asset in the booming Davenport submarket of Orlando, FL. Located at the heart of Central Florida's high-growth, I-4 corridor near master-planned communities, ChampionsGate and Reunion, Verso is a greatly differentiated apartment experience with rare walkability in a highly amenitized suburban setting.
"ECI is excited to add Verso to our growing apartment portfolio in Central/Southwest Florida where we have purchased four apartment communities totaling nearly 1,000 units for nearly $300 million in the last 12 months," said ECI Chief Acquisitions Officer Scott Levitt. "We expect to be a long-term holder of this property, and, we believe its Davenport location will continue to enjoy strong population, residential and commercial growth for many years to come as it fully builds out."
Residents of Verso's low-density (13 units per acre), two-story, stone-accented buildings will appreciate features including attached garages for 44% of the units, 100% individual entries, and high-end interior finishes. One-, two-, and three-bedroom units ranging to 1,427 square feet provide spacious residences with a custom home feel.
Verso is steps away from more than 150,000 square feet of retail destinations including a Publix-anchored shopping center and numerous new restaurants and service options. The nearby flourishing industrial corridor continues to attract blue chip companies and generate job opportunities for those living in the area.