SFO Capital Partners continues to grow its multifamily housing portfolio by adding 270 units in Orlando, Florida
London September 16, 2022 – SFO Capital Partners has added 270 newly-built apartment units to its housing portfolio following the acquisition of Baldwin, a 99% occupied multifamily community located in Orlando, Florida.
The latest transaction marks SFO Capital Partners’ 20th acquisition in the USA and follows the recent acquisition of 388 apartment units in Atlanta, further expanding its robust footprint in the US multifamily housing sector. To-date, SFO Capital Partners has acquired over USD1.3bn worth of US housing assets, representing more than 7,700 units located across the nation’s fastest growing metro areas.
Newly built and completed in June 2022, Baldwin is located in Orlando, one of the most affluent and dynamic metropolitan areas in the country as well as a leading white-collar employment and education hub. In fact, the Property is adjacent to the prestigious Baldwin Park (125,000+ jobs, USD150k average household income) and benefits from direct access to the FL-50 state road leading to major employment nodes such as Walt Disney World (65,000+ employees), Universal Studios Orlando (20,000+ employees), Orlando International Airport (15,000+ employees) and the University of Central Florida (12,000+ employees).
Commenting on this transaction, Mohamad Abouchalbak, CEO of SFO Capital Partners said: “We are thrilled to expand our US portfolio with the acquisition of this compelling and defensive asset in Orlando, one of the largest metros for net migration reinforced by a solid population growth. This transaction supports our strong conviction in the US multifamily sector which has shown outstanding resilience and is regarded as an effective hedge against inflation; underpinned by strong consumer confidence and witnessing unprecedented levels of demand from both investors and occupiers – with rents posting double-digit annual increases. This transaction is in line with our strategy of acquiring stable, highly occupied brand-new assets benefitting from a strong and rising rental market.”
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of December 2022, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.1 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9 million square feet of commercial real estate under management.