Middleburg Communities and Stockbridge Acquire Indigo Champions Ridge, a 300-Unit Class A Multifamily Community in Orlando MSA
VIENNA, Virginia–(BUSINESS WIRE)–Middleburg Communities (“Middleburg”), a fully integrated multi-family development, investment, construction and management company operating in the Southeast and Mid-Atlantic United States, and Stockbridge, a private real estate investment management company, announced today that they have acquired Indigo Champions Ridge, a 300-unit, Class A multifamily community located in Davenport, Florida, a suburb of Orlando, one of the fastest growing metropolitan statistics in the country. Middleburg will assume management, operating and leasing responsibilities for the community, which was completed in 2022 and features resort-style amenities, a modern clubhouse and high-end finishes.
“We are excited to enter the Orlando market with the acquisition of Indigo Champions Ridge, one of the area’s leading multi-family communities,” said Chris Finlay, CEO of Middleburg Communities. “We have leveraged our proprietary data, research and analytics platform to study the market and are very bullish on its long-term fundamentals. We look forward to using our proven operating platform to unlock value for our investors and provide an exceptional living experience for our residents. »
Indigo Champions Ridge consists of three 10-story apartment buildings located on approximately 17 acres. The property offers a mix of 1, 2 and 3 bedroom units with a variety of spacious and thoughtfully designed floor plans. All units feature 10 inch textured ceilings, designer plank floors, high end light fixtures, oversized closets, ceiling fans in master bedrooms, granite counter tops, stainless steel appliances. stainless steel, full size washer/dryers and more. Top-notch amenities at the property include a resort-style pool, yoga lawn, and state-of-the-art 24-hour fitness center.
Located along the busy Ronald Reagan Parkway and US-27 logistics corridor, Indigo Champions Ridge provides residents with easy access to several popular retail, dining and entertainment destinations and many major area employers. , including Disney, Walmart, Amazon, Ford, FedEx, UPS and CVS. Additionally, the property is only 15 minutes from Disney World and Universal Orlando, approximately 30 minutes from downtown Orlando and Lakeland, and less than an hour from Tampa.
Adam Bieber of Bellwether Enterprise structured the joint venture between Middleburg and Stockbridge and the financing for the transaction, which was provided by Synovus Bank.
Those interested in renting a unit at Indigo Champions Ridge should call the rental office at (407) 723-7900 or email [email protected] More information about the property is available by visiting www.indigochampions.com.
About Middleburg Communities:
Middleburg Communities is a fully integrated, multi-family development, investment, construction and management company operating in the Southeast and Mid-Atlantic United States. Since 2004, Middleburg has acquired and developed over 22,000 apartments, executing over $3 billion in transactions. The Middleburg team shares a vision for greater value creation through community impact. The company’s success is rooted in a genuine desire to serve its local communities in a thoughtful and holistic way. Middleburg encompasses people, property and partnerships to enhance the lives of others, contribute positively to its neighborhoods and maximize real returns for partners. For more information, please visit www.MiddleburgCommunities.com.
Stockbridge is a private property investment management firm led by seasoned industry professionals. The firm’s portfolio includes assets spanning the full spectrum of investment risk, including core, value-added and opportunistic strategies. Stockbridge and its affiliates have approximately $30.8 billion in assets under management (as of March 31, 2022) covering all major real estate property types and certain specialty property types in the United States. For more information, visit www.stockbridge.com.