News of such acquisitions and more details on planned updates can be disseminated throughout a community with flyer printing.
The managing principal of Halstatt Real Estate Partners, Steven Iannaccone, said:
“Cypress Run represents an opportunity to acquire a well-maintained asset in one of Orlando’s fastest-growing corridors at an attractive basis. The property benefits from durable demand drivers, limited new supply within the submarket, and a business plan that allows us to thoughtfully enhance the community while further positioning the asset within its competitive set.”
Cypress Run is in East Orlando and close to other long-term drivers of the economy, including Lake Nona Medical City of 650 acres and the $6 billion expansion of Orlando International Airport. There has been a limited supply of multi-family communities in the area in recent years, yet it benefits from a growing service-oriented workforce and growing education and healthcare opportunities.
This latest investment marks another successful collaboration between Halstatt and GoldOller, a firm that oversees over 40,000 apartment units in 10 states and has a strong presence across Orlando.