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Trion Properties enters Florida market
Transactions - NOVEMBER 3, 2021

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Trion Properties enters Florida market

by Released

Trion Properties has acquired Patterson Court, a 384-unit luxury multifamily community in Orlando, Fla., for $107.75 million.

This is Trion’s first property in Florida and its second within the Southeast after the recent acquisition of Crescent Commons in Fayetteville, N.C.

“This submarket saw rent growth of more than 20 percent in the past year alone,” said Max Sharkansky, managing partner at Trion Properties. “With the continued population boom in Orlando, and Disney recently announcing it will be relocating 2,000 jobs from California, we anticipate a continued upward trajectory. Much of the multifamily demand comes from families with children, as rental living remains an attractive alternative to the high costs of home ownership in adjacent neighborhoods, which this property accommodates well. Further, Patterson Court is within short walking distance from a new STEM-oriented elementary school that is positioned to be one of the best in the area.”

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