Excelsa Properties announced that it has acquired Oasis Naples, a 216-unit multifamily property located at 2277 Arbour Walk Circle in the heart of Naples, Florida.
The garden-style multifamily property boasts 18 two-story residential buildings and a modern community clubhouse, complemented by an attractive resort-style amenity package which includes a pool, lounge areas, a coffee station, and a 24-hour fully equipped fitness center. While this 1992-built property has been well-maintained, it has seen minimal in-unit upgrades, making Oasis Naples well-positioned for a strong value-add program. Excelsa plans to invest around $7 million in capital improvements to enhance the asset’s appeal and performance.
Located at 2277 Arbour Walk Circle, Oasis Naples benefits from an unmatched location in one of Southwest Florida’s most affluent and sought-after submarkets. The property offers immediate access to major transportation routes and is surrounded by top-tier retail centers alongside everyday conveniences and luxury dining. Just minutes from the beaches of the Gulf Coast and within a two-mile radius of A-rated public schools, the property also sits near leading employers. This exceptional location supports strong rental demand from affluent, family-oriented, and renter-by-choice residents.
“Oasis Naples is our second Florida acquisition in twelve months. In 2022 we profitably exited five assets in the state,” said David Fletcher, Managing Director and Head of Acquisitions at Excelsa Properties. “Now after underwriting hundreds of assets in the greater areas of Tampa, Orlando and Jacksonville, we are excited to grow our Florida portfolio. We would love to buy another Florida asset this year.”
Excelsa Properties is a real estate asset manager with a focus on multifamily investments in the United States. It has acquired more than $750 million in assets. Excelsa closed its second multifamily fund, Excelsa US Real Estate II, LP, on May 6, 2022.
