JLL is pleased to present the opportunity to acquire Park Place (the “Property”), a 275-unit, luxury Class ‘A’ apartment community located within the vibrant Oviedo on the Park Town Center, and situated just 20 minutes northeast of Downtown Orlando. The Property enjoys walkability to a mix of neighborhood retail, a community park and band shell, and convenient accessibility to Orlando’s rapidly-growing STEM corridor employment centers, which has fueled a steady influx of well-educated, affluent renters-by-choice to the immediate area in recent years.
Park Place has elevated the standard of apartment living in Oviedo. As one of Oviedo’s only luxury apartment communities, it has been able to capitalize on the area’s collective of residential demand elements and well-heeled demographics. Furthering its superiority is its strategic location at the core of Oviedo’s 108-acre seminal town center development, which affords residents the pedestrian-friendly and amenity-laden lifestyle that today’s discerning renter seeks.
- Preeminent Town Center Location
- Core-Quality Asset With Impressive Amenity Footprint
- Compelling Value-Add Upside
- Stellar Area Demographics & A-Rated Schools
- Accelerating Rent Increases