DEAL OF THE DAY: USAA Buys New, 100% Leased, Apartment Property from Wood Partners

1 min read

Orlando, Fla.-- USAA Real Estate Company announces the purchase of Patterson Court, a Class-A multifamily community located in Little Lake Bryan, a master development in Orlando, Fla. The property was purchased from Atlanta-based Wood Partners.

Orlando, Fla.– USAA Real Estate Company announces the purchase of Patterson Court, a Class-A multifamily community located in Little Lake Bryan, a master development in Orlando, Fla. The property was purchased from Atlanta-based Wood Partners.

“We are pleased about the opportunity to acquire a recently-constructed Class-A property located in a highly desirable area and 100 percent leased to a large institutional tenant,” says USAA Real Estate Company Chairman and CEO Pat Duncan. “Patterson Court is a welcome addition to our portfolio of quality multifamily properties located in prime locations across the country.”

The 384-unit property, totaling 452,928 square feet and completed in 2008, is located at 8112 Patterson Wood Drive. The property is 100 percent master leased by a large institutional tenant. Garden-style amenities, including a pool with adjacent plaza, clubroom and state-of-the-art fitness and business centers, offer residents a resort environment, spanning 20 acres and located less than a mile from the Walt Disney World Resort and Sea World. Details of the transaction have not been disclosed.

You May Also Like

The latest multifamily news, delivered every morning.

Most Recent