ORLANDO, FL – ECI Group announced the acquisition of Verso Luxury Apartments, a new 250-unit “Big House” concept, a multi-family asset in the booming Davenport submarket of Orlando, Florida. Located in the heart of Central Florida’s fast-growing I-4 corridor near master-planned communities ChampionsGate and Reunion, Verso is a highly differentiated apartment experience with rare walkability in a suburban setting. very fitted out.
“ECI is thrilled to add Verso to its growing apartment portfolio in Central/Southwest Florida, where we have purchased four apartment communities totaling nearly 1,000 units for nearly $300 million. over the past 12 months,” said Scott Levitt, director of acquisitions for ECI. “We plan to be a long-term holder of this property, and believe that its location in Davenport will continue to enjoy strong population, residential and commercial growth for many years to come as it is built. “
Residents of Verso’s low-density (13 units per acre) two-story, stone-accented buildings will appreciate features such as attached garages for 44% of units, 100% individual entrances, and high-end interior finishes. range. One-, two-, and three-bedroom units up to 1,427 square feet offer spacious residences with a custom home feel.
Verso is steps away from more than 150,000 square feet of retail destinations, including an anchored Publix mall and many new restaurants and service options. The nearby thriving industrial corridor continues to attract top-notch businesses and create employment opportunities for locals.
Source: ECI Group