Park Place

Investment Overview

CGI+ closed on the acquisition of Park Place in December 2021, a 275-unit multifamily community in the Orlando, FL submarket of Oviedo for $68.95 million. Park Place is a garden-style apartment community offering a mix of one-, two-, and three-bedroom floor plans that was completed in 2015 as part of the Park Town Center development, a 108-acre master-planned town center.

The community is located within the Central Florida STEM corridor, which provides access to thousands of high-paying life and health science jobs as well as higher education and medical jobs. CGI+ intends to implement its value-add strategy by completing repairs to various upfront capital expenditures, rebuilding a downed 33-unit building destroyed in a lightning storm.