DAVENPORT, FL – Middleburg Communities, a fully integrated multifamily development, investment, construction and management company operating in the southeastern and mid-Atlantic United States, and Stockbridge, a private equity real estate investment management firm, announced that they have acquired Indigo Champions Ridge, a 300-unit Class A multifamily community located in Davenport, Florida, a suburb of Orlando, one of the fastest-growing Metropolitan Statistical Areas in the country.
Middleburg will take over management, operations and leasing responsibilities at the community, which was completed in 2022 and features resort-style amenities, a modern clubhouse and high-end finishes.
We are pleased to enter the Orlando market with the acquisition of Indigo Champions Ridge, one of the area s premier multifamily communities, stated Chris Finlay, CEO of Middleburg Communities. We leveraged our proprietary data, research and analytics platform to study the market and are very bullish on its long-term fundamentals. We look forward to utilizing our proven operating platform to unlock value for our investors and deliver an exceptional living experience for our residents.
Indigo Champions Ridge comprises three, 10-story residential buildings situated on approximately 17 acres. The property offers a mix of 1-, 2- and 3-bedroom units with a variety of spacious and thoughtfully-designed floorplans. All units feature 10-inch textured ceilings, designer plank flooring, high-end lighting fixtures, oversized closets, ceiling fans in master bedrooms, granite countertops, stainless steel appliances, full-size washer/dryers and more. Premier amenities at the property include a resort-style swimming pool, a yoga lawn and a 24-hour state-of-the-art fitness center.
Located along heavily-traveled Ronald Reagan Parkway and the US-27 logistics corridor, Indigo Champions Ridge offers residents easy access to several popular retail, dining and entertainment destinations and many of the region s major employers, including Disney, Walmart, Amazon, Ford, FedEx, UPS and CVS. Furthermore, the property sits just 15 minutes from Disney World and Universal Orlando, approximately 30 minutes from downtown Orlando and Lakeland, and less than one hour from Tampa.
Adam Bieber of Bellwether Enterprise structured the joint-venture between Middleburg and Stockbridge and the financing for the deal, which was provided by Synovus Bank.