Versity Investments, LLC acquires 306-unit apartment building for $ 89 million

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Class A property near Disneyworld is the company’s first multi-family acquisition

Posted: October 20, 2021 at 7:00 p.m. MDT|Update: 27 minutes ago

ALISO VIEJO, California and CELEBRATION, Florida, 20 October 2021 / PRNewswire / – Versity Investments, LLC acquired Astoria, a 2015-built multi-family property located in Party, Florida. According to the CEO of Versity Blake wettengel, the property is the company’s primary multi-family asset and is currently 97.1% leased. Astoria was offered as a 1031 exchange with a Delaware Statutory Trust (DST) structure.

“The value of Florida real estate is at an all time high with rents having the potential to rise going forward. “

“We are delighted with our new DST offering, Astoria, in the famous city of Celebration, Florida“Said Wettengel.” As well as being a stunning property, with a vintage art deco motif, its location and proximity to jobs, entertainment and healthcare can help keep this project healthy with potential substantial growth for the years to come. In addition, the value of Florida real estate is at an all time high, and with unprecedented growth in raw material costs and construction wages, rents have the potential to continue to rise for the foreseeable future. In short, we think we’ve positioned investors for another stellar investment. “

The property, located on 14.41 acres, consists of one, two and three story residential buildings with one, two and three bedroom units offering resort style amenities. The city of Party is accessible near major highways and several major tourist attractions including Disneyworld, Sea World and Universal Studios. https://versityinvest.com

ABOUT VERSITY INVESTMENTS

Versity Investments specializes in real estate investments in student housing with a combined value of over a billion dollars during its fourteen year history. With thirty properties in 20 US states, Versity has raised several hundred million dollars in equity investments to become one of the nation’s largest real estate trustees.

CONTACT WITH THE MEDIA:

Janet Cook
Vice-president – Marketing
[email protected]
949.540.9343

Contact details:
Blake wettengel
949-540-9164
[email protected]

LinkedIn – www.linkedin.com/company/versityinvest
Facebook – www.facebook.com/VersityInvestments
Instagram – www.instagram.com/versityinvestments
Twitter – https://twitter.com/VersityInvest

Astoria at Celebration is located on 14.41 acres made up of one, two and three story residential buildings offering resort style amenities in its one, two and three bedroom units. The property is currently 97.1% leased.
Versity Investments is a real estate investment company specializing in student housing and ...
Versity Investments is a real estate investment company specializing in student housing and multi-family properties across the country. www.versityinvest.com

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SOURCE Versity Investments, LLC

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


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