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Loci Capital divests Orlando multifamily asset
Transactions - APRIL 15, 2024

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Loci Capital divests Orlando multifamily asset

by Denise Moose

Funds managed by Loci Capital Op Fund GP, an affiliate of Loci Capital Group, a private real estate fund manager, completed the divestment of Pomelo Park Apartments, a 240-unit garden-style apartment community in the Lee Vista/Narcoossee submarket of Southeast Orlando, Fla.

Loci and Maifly Development created a joint venture in February 2021 to close on the 8.4-acre property that would eventually become Pomelo Park Apartments. The joint venture completed construction in January 2023 and stabilized the asset in August 2023, according to the firm.

The sale was run by Newmark Group.

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