Middleburg Communities and SFO Capital Partners Complete Acquisition of 270-Unit The Baldwin Apartment Community in Orlando

Middleburg Communities and SFO Capital Partners Complete Acquisition of 270-Unit The Baldwin Apartment Community in Orlando

ORLANDO, FL - Middleburg Communities, and SFO Capital Partners, a London-based global real estate investor and investment manager, announced they have jointly acquired The Baldwin, a newly-built, 270-unit Class A multifamily community located 10 minutes from downtown Orlando and Central Florida’s STEM corridor.

The Baldwin represents the second newly-built, Class A residential community that Middleburg has acquired in Central Florida since July 2022, and follows SFO Capital Partners’ recent acquisition of 388 apartment units in Atlanta. Middleburg also purchased the 330-unit Indigo Champions Ridge in Davenport, which sits just minutes from several popular retail, dining and entertainment destinations and many of the region’s major employers. Middleburg’s investment activity in Central Florida also includes the development of Mosby Citrus Ride, a 300-unit lifestyle-oriented, attainable housing community in Davenport, announced in August.

“We are pleased to continue expanding our presence in fundamentally strong and vibrant communities in Central Florida with the acquisition of The Baldwin,” said Chris Finlay, CEO of Middleburg Communities. “Given the area’s continued growth and population inflows, there is a significant need for the high-quality, attainable housing communities we have acquired or are developing. We look forward to continuing our pattern of generating high double-digit returns for our investors with these investments and leveraging our industry-leading, vertically-integrated platform to deliver superior living experiences for our residents.”

Finlay added, “It’s an honor to be partnering with SFO Capital Partners on this acquisition. Like us, SFO Capital Partners possesses strong institutional knowledge of the multifamily industry and has an extensive track record of producing above-average returns for its investors. We plan to further expand this partnership by jointly pursuing additional value-add opportunities throughout the southeast and sunbelt.”

Mohamad Abouchalbak, CEO of SFO Capital Partners, said, “We are thrilled to partner with Middleburg on this compelling and defensive acquisition in Orlando, a metro with robust macroeconomic fundamentals, favorable demographics and a clear growth outlook. This latest acquisition supports our strong conviction in the U.S. multifamily sector and align with our strategy of acquiring stable, highly occupied brand-new assets benefiting from the strong and rising rental market. We are looking forward to growing our successful partnership with Middleburg.”

The Baldwin, which opened last month, offers a state-of-the-art living environment within walking distance of many of Orlando’s business and leisure generators, including the region’s premier employment and education corridor. The community is ideally located adjacent to the upscale and affluent Baldwin Park neighborhood and centrally positioned between Interstate 4, State Route 408 and 417, making it just a 20-minute drive from more than 449,000 jobs.

The attainable residential community, which comprises nine, three-story residential building situated on approximately 10.5 acres, offers multiple 1-, 2- and 3-bedroom floorplans complete with modern and upscale fixtures including gourmet kitchens, designer-plank flooring and wireless thermostats and lighting controls. The Baldwin also features numerous resort-style amenities, such as a swimming pool with pavilion, 24-hour fitness center, clubhouse, co-working station, dog park with pet spa, Amazon hub package center, EV charging stations and more.

Source: Middleburg Communities / SFO Capital Partners

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