Shoreham Capital Completes Sale of Single-Family Rental Community Preserve at Poinciana in Orlando MSA

The homes are being built by JNS Homes with completion slated for Q3 2024.

The Preserve at Poinciana
The community offers both three and four-bedroom floor plans ranging in size from 2,000 to nearly 2,300 square feet. Each unit offers an attached two-car garage, an open-style chef’s kitchen, luxury finishes, smart-home technology, and a private fenced yard. Situated on over 27 acres directly across from the recently completed Poinciana Community Park, the community will also offer amenities including a resort-style pool, lush green space, children’s playground, dog run, and walking trails.

Shoreham Capital, a privately-held real estate firm, has completed the sale of a single-family rental community in Poinciana, Florida in the Orlando MSA to a state pension fund through an existing separate account managed by Heitman. The pension fund is acquiring the 175-unit single-family rental community known as The Preserve at Poinciana.

“We are thrilled to announce the forward sale of The Preserve at Poinciana, a purpose-built, build-to-rent community in Central Florida,” said Doug Faron, Managing Partner at Shoreham Capital. “This property stands as a highly desirable asset due to its strategic location nestled between the vibrant metropolitan areas of Orlando and Tampa offering residents easy access to the economic opportunities and cultural amenities offered by both cities. This sale further exemplifies the increasing demand for well-located rental properties in high-growth markets.”

Tyler Swidler, Director, and Brett Moss, Managing Director, of Berkadia Orlando along with Matt Mitchell of Berkadia Tampa led the sale on behalf of Shoreham Capital.

“The strong investor interest we continue to witness for single-family build-to-rent assets, despite today’s turbulent capital markets environment, speaks volumes to the tidal wave of both private and institutional capital sources looking to grow their exposure in the sector,” said Moss.

The Preserve at Poinciana is strategically located proximate to both Tampa and Orlando providing residents with access to several business districts, more than five medical centers, and numerous entertainment venues.

Shoreham Capital is a privately held real estate firm dedicated to the acquisition, development, ownership, and management of prime real estate properties spanning the East Coast and Sun Belt regions of the United States. Founded by Doug Faron and Nick Zoumas, Shoreham Capital has a proven investment and development track record of over $10 billion in real estate assets. The Shoreham team brings best-in-class expertise in investment, ownership, development, and management and remains focused on delivering superior risk-adjusted returns to their investors.

Heitman is a global real estate investment management firm with over $51 billion in assets under management as of September 30, 2023. Founded in 1966, we have 10 offices worldwide and are an active participant in three key segments of the global real estate property and capital markets. Our collaborative investment process uses input from some who we believe to be the most experienced investment and research professionals in the industry.

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.