ORLANDO, FL – Taurus Investment Holdings, LLC, a 40+ year global private equity real estate company with experience in apartment buildings, offices, logistics, mixed and renewable energy, announced the acquisition of Legends at ChampionsGate and Summit at Metrowest, two class B + residential communities in the Orlando area in prime locations in the city. Established in Orlando for over 25 years, these latest acquisitions expand Taurus' portfolio to include more than six apartment complexes and 1,800 units in central Florida and more than 5,600 units in the US.
"Orlando has been a strong multi-family market and these assets are ideally located to provide dynamic housing for those moving into the booming central Florida market," said Peter A. Merrigan, CEO of Taurus Investment Holdings. "These two acquisitions have been in Orlando for over two decades and underscore our commitment to providing quality housing while expanding our portfolio in the region."
Legends at ChampionsGate was built in 2002 and is a 253008 square foot apartment complex at 8101 Champion Circle. The complex has a modern convenience package and was purchased for $ 53,875,000. Less than a mile from Interstate 4, Legends at ChampionsGate offers tenants easy travel and great access to major local tourism and health centers. The property is well located in a community of world class golf courses and resorts, while several major shopping centers and restaurants are within walking distance.
"Both Legends at ChampionsGate and Summit at Metrowest are high quality assets with profiles that fit well with Taurus' multi-family strategy," said Nick Clark, managing director of Taurus Investment Holdings. "Orlando market fundamentals have been really strong due to COVID, and we are excited to continue adding to our multi-family portfolio in central Florida with these two acquisitions."
Located on 6,500 Metrowest Blvd, the 280-unit Summit at Metrowest is a 250,880-square-foot complex built in 1991 that was purchased for $ 59,500,000. The Summit at Metrowest is less than eight miles from Downtown Orlando and is in the prestigious 1,800 acre master plan community that includes Metrowest Golf Club. The Summit at Metrowest is within walking distance of the Shoppes at Veranda Park and offers great access to Orlando's theme parks including Universal Orlando, SeaWorld and Disney World.