894-Bed Student Housing Asset Trades in Orlando

Inland Private Capital Corp. sold The Retreat at Orlando on behalf of one of its 1031 investment programs. Completed in 2014, the community primarily serves University of Central Florida students.

The Retreat at Orlando, a 221-unit student housing community in Orlando, Fla., has changed hands. Inland Private Capital Corp. (IPC), through a subsidiary that serves as asset manager, secured the sale on behalf of a 1031 investment program.

Located at 11037 Retreat Ave., on approximately 37 acres, the 894-bed property offers convenient access to the University of Central Florida (UCF) campus. Additionally, The Retreat at Orlando is 11 miles from the city’s central business district.

The 427,000-square-foot property features two-, three-, four, five- and six-bedroom units, ranging from 1,398 to 16,730 square feet. In-unit features include private bathrooms, gourmet kitchens, spacious closets, washer/dryer and a front porch or back patio. Common-area amenities include:

  • fitness center
  • clubhouse
  • basketball, volleyball and tennis courts
  • swimming pool
  • spa
  • business center
  • golf simulator
  • lounge area
  • picnic area with barbecue grills

Built in 2014, the campus offers a shuttle service to the UCF campus. According to data provider Yardi Matrix, the community had an average rental rate of $3,276 as of May. IPC President & COO Keith Lampi said that the property “provided consistent income and a substantial profit on sale, resulting in a 10.5 percent average annualized return to investors,” since it was first purchased in 2015.

Images courtesy of Yardi Matrix

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