New York – May 22, 2024 - Journey Capital Real Estate Partners, a national real estate investment firm, acquired The Henry, a newly constructed, 294-unit multifamily property located within the city of Sanford, Florida in Seminole County, which is part of the greater Orlando MSA. Peter Calatozzo, Managing Partner and Josh Kogel, Managing Director announced the acquisition. The purchase of The Henry represents Journey Capital’s fourth multifamily acquisition in the Orlando MSA and second acquisition in Seminole County.
“The Orlando MSA continues to see some of the strongest employment and population growth in the US, while providing relative affordability to tenants, and is a multifamily market in which we have a high level of conviction,” said Peter Calatozzo. “The acquisition of The Henry expands our footprint in the Orlando MSA and furthers our strategy of acquiring high quality properties in a market which continues to diversify its economy and is well situated for future growth.”
“The Henry is a well-located asset that provides residents with great connectivity to a diversified employment base throughout the Orlando MSA,” said Josh Kogel. “As a transit-oriented development, The Henry has walkability to the local Sun Rail station, offering residents easy rail access to Orlando’s top employment and entertainment centers, and trolley service to the main dining/shopping district in Historic Sanford on First Street, which is comprised of shops, restaurants, art galleries, a historic theater, and a microbrewery. The Henry also provides residents connectivity to employment hubs in Sanford, Lake Mary, Maitland, and Downtown Orlando via Interstate 4 and State Route 417.”
Constructed in 2023 by DeBartolo Development, a national multifamily developer, the four-story, elevatored community provides residents with modern unit interiors and an expansive amenity set. Apartment interiors feature smart home technology, luxury vinyl plank flooring, walk-in closets with built-in cabinetry, stainless steel appliances, and full-size washer/dryers. The community amenities include a resort-style pool with sundeck and grilling areas, pet spa and bark park, electric car charging stations, clubhouse game room and full-service kitchen, business center, and fitness center.
Journey Capital is a real estate investment manager that utilizes a comprehensive data driven approach to identify attractive investment opportunities with the objective of optimizing value for investors. We believe that demographic trends and structural shifts to behavioral patterns will drive demand for certain real estate throughout the United States. We seek to capitalize on this investment philosophy in markets where we have a high level of conviction. Journey Capital acquires, develops, and asset manages multifamily and mixed-use properties throughout the United States. For more information, please visit www.journeycapitalrealestate.com.
Journey Capital Real Estate Partners, a national real estate investment firm, acquired Maitland Pointe (formerly known as IMT Maitland Pointe), a 2017 vintage, 392-unit multifamily property located within the city of Altamonte Springs, Florida in Seminole County, which is part of the greater Orlando MSA. Peter Calatozzo, Managing Partner and Josh Kogel, Managing Director announced the acquisition.
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Journey Capital Real Estate Partners, a national real estate investment firm, acquired The Henry, a newly constructed, 294-unit multifamily property located within the city of Sanford, Florida in Seminole County, which is part of the greater Orlando MSA. Peter Calatozzo, Managing Partner and Josh Kogel, Managing Director announced the acquisition.
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Journey Capital Real Estate Partners, a New York-based national real estate investment firm, acquired Alta Cypress, a newly constructed, 342-unit multifamily property located within the city of Longwood, Florida in Seminole County, which is part of the greater Orlando MSA. Peter Calatozzo, Managing Partner and Josh Kogel, Managing Director announced the acquisition.
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