Berkadia announces it has arranged the sale of Alta Winter Garden, a 250-unit Class AAA trophy garden multifamily community in the Winter Garden submarket of Orlando, Fla. Managing Director Brett Moss, Associate Director Tyler Swidler and Senior Managing Director Matt Mitchell of Berkadia Orlando and Tampa represented the seller, Atlanta-based Wood Partners, one of the nation’s leading multihousing developers and managers. CONTI Capital, a real estate investment company based in Dallas, Texas, acquired the property.
“Representing the first institutional-quality apartment development within the City of Winter Garden along with recent modifications to the City’s building codes pertaining to multifamily development, Alta Winter Garden is well-poised to maintain its presence as the premier luxury rental option within the East Plant Street Corridor for the foreseeable future,” said Moss.
Built in 2022 and located at 1223 East Plant Street, Alta Winter Garden offers studio, one-, two- and three-bedroom units ranging from 637 square feet to 1,464 square feet. Individual units feature energy efficient stainless steel Whirlpool appliances, white shaker-style cabinets, matte black cabinet hardware, refrigerators with water and ice dispensers, front control glass top ranges, Nest thermostats, electronic door locks with keyless entry, outlets with USB ports, and kitchen islands, wood-style plank flooring and oversized balconies in select units. The gated controlled-access community amenities include a zero-entry resort-style pool with a sun shelf and poolside cabanas, a game room, fitness center with a virtual training room and TRX equipment, an outdoor pavilion with a beer tap and summer kitchen, a pet park, beer garden, rentable private office pods, study spaces with Wi-Fi, an outdoor lounge area, private detached garages available for rent and valet waste services.
Located at the doorstep to Winter Garden’s vibrant and walkable Downtown Historic District, the property is a short distance from award-winning shops, eateries and entertainment, immersed in old-Florida charm and treasured Orlando history. Furthermore, Alta Winter Garden benefits from strong domestic migration from direct out-of-state population movement with over 20 percent of on-site residents reporting previous living addresses from outside of Florida. Additionally, the Property is located within 20 minutes of over 4,400 hospital beds and less than 30 minutes from Downtown Orlando and a plethora of other lifestyle drivers.