Atlas Real Estate Partners (“Atlas”), a leading multifamily investment firm, has acquired Perse Apartments, a 384-unit value-add multifamily community located in the I-Drive submarket of Orlando, Florida.
Built in 2008, Perse Apartments consists of spacious one-, two-, and three-bedroom units averaging over 1,100 square feet. The community benefits from oversized floorplans, ample amenity space, and proximity to some of the region’s largest employment and entertainment drivers, including the Orlando Central Business District, Walt Disney World, Universal Studios, and the Vineland Premium Outlets.
Located at 8151 Petterson Woods Drive, Perse is positioned just off International Drive in Orlando’s high-traffic tourist and employment corridor. More than 125,000 residents live within five miles of the property, with average household incomes exceeding $100,000. The community also offers convenient access to major employers, regional roadways, and year-round entertainment destinations.
“Perse Apartments is an ideal value-add opportunity in one of the country’s fastest-growing markets,” said Arvind Chary, Managing Partner at Atlas Real Estate Partners. “We’re excited to improve the property through strategic renovations and operational enhancements that will elevate the resident experience and align the community with strong local demand for quality rental housing.”
Atlas intends to implement a comprehensive capital improvement plan targeting unit interiors, common areas, and amenity upgrades. In particular, Atlas will reprogram and reposition amenity spaces including the resort-style pool with sundeck and cabanas, fitness center, and oversized clubhouse.
The seller, TRION Properties, was represented by JLL’s Capital Markets Investment Sales and Advisory team led by Directors Ted Taylor and Kyle Butler. Financing was arranged by Berkadia: Scott Wadler, Mitch Sinberg, Matt Robbin, and Brad Williamson.
