Source: Walton Street
KISSIMMEE, FL - An affiliate of Walton Street Capital announced that it has acquired a 326-unit Class A multifamily garden-style property located at 3250 Orleans Avenue in Kissimmee, FL in partnership with RPM Living Investments. Walton Street plans to rebrand the Property to be called the Muse at Winter Garden.
Built in 2021, the Property features a mix of one, two, and three-bedroom apartments that are currently 94% leased. Unit amenities include granite countertops, stainless-steel appliances, washers/dryers in-unit, and 9’ and 10’ ceilings. Community amenities feature a resort-style pool with cabanas, state-of-the-art fitness center, golf simulator room, spinning room, movie theater room, business center, covered parking, and dog park.
The Property is situated in the Kissimmee submarket of the Orlando MSA and is conveniently located just a short drive from I-4 and W Irlo Bronson Memorial Highway providing easy access to job centers in the healthcare, distribution, and tourism industries. The immediate area is seeing significant growth with the development of a large resort less than a mile from the Property that will feature a high-end outlet shopping center.
“We are excited about establishing our footprint in Orlando and expanding our relationship with our long-time partner RPM. The Muse represented the opportunity to acquire a well-located, newly-constructed community with a robust amenity base, in a market that continues to benefit from outsized job and population growth,” said Tom Jaeger, Principal at Walton Street.