ECI Group has purchased Verso Luxury Apartments, a 250-unit, new in 2020, ‘Big House concept’ multifamily asset in the booming Davenport submarket of Orlando, Fla.
Located at the heart of Central Florida's high-growth, Interstate 4 corridor near master-planned communities ChampionsGate and Reunion, Verso is a greatly differentiated apartment experience with rare walkability in a highly amenitized suburban setting.
"ECI is excited to add Verso to our growing apartment portfolio in Central/Southwest Florida, where we have purchased four apartment communities totaling nearly 1,000 units for nearly $300 million in the last 12 months," said Scott Levitt, ECI chief acquisitions officer. "We expect to be a long-term holder of this property, and, we believe its Davenport location will continue to enjoy strong population, residential and commercial growth for many years to come as it fully builds out."
Residents of Verso's low-density (13 units per acre), two-story,
