Capital Square Buys Orlando BTR for $56M
A $33 million Freddie Mac loan backs this transaction.
Epoch Residential has sold Cacéma Townhomes, a 176-unit, built-to-rent community in Kissimmee, Fla. Capital Square purchased the asset for $56.2 million, with the help of a 10-year, $33.4 million Freddie Mac loan from Walker & Dunlop, according to Osceola County public resources. JLL worked on behalf of the seller.
A partnership between Epoch and The Carlyle Group developed Cacéma Townhomes and completed it in 2024. At the time, the project represented Epoch’s first BTR community in metro Orlando, Fla.
The property is at 2670 Meadow Creek Road. It is close to the Loop, a 500,000-square-foot mall with more than 40 retail, dining and entertainment options. State Road 417 and Interstate 4 are also nearby, providing direct connections to the Orlando metro area. The city’s international airport is 13 miles away.
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Cacéma Townhomes includes three- and four-bedroom townhomes with an average size of 1,423 square feet. The units have private entries, semi-private backyards, one- and two-vehicle garages and interiors with wood plank-style flooring and smart-home technology.
Common-area amenities include a swimming pool, fitness center, clubhouse, lounge and car care center. The property also features walking trails, EV charging stations, pet parks, a lakeside firepit lounge with an outdoor summer kitchen.
JLL Directors Ted Taylor and Kyle Butler, with the assistance of Managing Directors Zach Nolan, Max La Cava and Matthew Putterman, brokered the deal on behalf of Epoch.
Policy shifts for BTR ownership
Last week, the U.S. House of Representatives passed the revised version of the 21st Century ROAD to Housing Act, sending the bill back to the Senate. The House originally passed the bill in late 2025, then the Senate approved a revised version this past March, causing the industry some concerns over a range of measures. One of them involved the provisions requiring built-to-rent housing investors to sell the properties after seven years of ownership.
The amended House bill would remove the seven-year sell mandate and limit institutional investors with more than 350 single-family rental homes from acquiring additional assets. The White House has expressed support for this version.
