Radius Apartments - Orlando Florida - 389 Mid-rise Apartment Units - Developed by WRP III

Opportunity

Urban, infill Class A apartment joint-venture development located on the north end of downtown Orlando, FL. Site features a walk-score of 94, views of Lake Eola, and is near a $1.0 billion mixed-use, transit-oriented development including the new UCF Medical School. The 13-story building features an expansive amenity package including a pool deck, courtyard, full fitness center, yoga room, grilling area, theater room and dog park. The property also includes 11,000 SF of retail along Rosalind Avenue, one of Orlando’s highest trafficked streets. In October 2022, Radius Apartments was sold generating a 38.8% IRR and an Equity Multiple of 3.2 to 1.

Property

13-Story Mid-rise Apartment Building

Size

389 Units

Built

2020

Ownership

WRP III

Sold

October 2022

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