Balfour Beatty Expands Multifamily Portfolio With Acquisition of 352-Unit San Mateo Crossing Flats in Kissimmee, Florida

0
509
Balfour Beatty Expands Multifamily Portfolio With Acquisition of 352-Unit San Mateo Crossing Apartments in Kissimmee, Florida

KISSIMMEE, FL – Balfour Beatty Communities, a national residential real estate investment and management company, announced that it has acquired a 352-unit residential complex in Kissimmee, Florida with ApexOne Investment Partners. The acquisition expands the company's presence in Florida to 11 properties.

San Mateo Crossing is one of the newer communities in the Kissimmee area that opened in late 2019. Nine unique floor plan options are available in the eight four-story buildings of the community. Modern amenities are present in every apartment home, including contemporary furniture, stainless steel surfaces and appliances, granite countertops, and hardwood floors.

The community is conveniently located for commuting, is just two miles from two major freeways, and is adjacent to the Tupperware SunRail station, which provides easy access to the wider Orlando area. Also within walking distance is the newly built Orlando Health ER & Medical Pavilion.

"We are excited to invest in a new Florida submarket for Balfour Beatty Communities, particularly one with as promising growth as Orlando," said Mike Price, SVP of Acquisitions for Balfour Beatty Communities. "We look forward to making our first-class management services available to this upscale community."

Source: Balfour Beatty Communities

LEAVE A REPLY

Please enter your comment!
Please enter your name here