Toll Brothers Campus Living, Davis Cos. JV to develop student housing community in Orlando
Toll Brothers, through its Toll Brothers Campus Living student housing rental division, and The Davis Companies have announced a new joint venture to develop Aperture, a 680-bed (204-unit), two-building, five-story multifamily rental community in Orlando, Fla., adjacent to the University of Central Florida (UCF). The project is being financed through a $50 million construction loan facility from TD Bank, N.A. The equity and debt were arranged by Toll Brothers’ in-house finance department.
Aperture is located at 12727 East Colonial Drive on 8.2 acres in proximity to UCF. The community will consist of 204 rental apartments and will feature a state-of-the-art fitness center, an e-sports gaming center, computer lounge with printing, content creation studio, LuxerOne Package Locker System, courtyard with cabanas, grills and firepits, and a resort-style pool with sun shelf. Residents will have access to a private five-minute shuttle to campus, as well as a parking garage that wil