Perse (Orlando, FL)

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively present the opportunity to acquire Perse Apartments (“The Property” or “Perse”), a 384-unit value-add community built in 2008 and located off of I-Drive in the heart of Orlando’s tourist corridor. The Property’s location provides immediate access to I-4 and SR-417 ensuring direct connectivity to Orlando’s premier economic drivers, including Walt Disney World, the city’s largest employer with over 77,000 employees as well as Orlando’s Central Business District which employs over 87,000. Additionally, Perse is located just 5-minutes from the Orlando Vineland Premium Outlets, Florida’s largest outlet shopping destination with over 770,000 square feet of retail, dining, & entertainment destinations that welcomes more than 17 million visitors annually. Perse represents the opportunity to invest in a Core-Plus offering with significant value-add upside. Of the 384 total units, only 14 are “fully renovated”, leaving new ownership with the opportunity to upgrade the remaining 370 classic units to the full renovation scope. The Property was originally built to house Disney staff and was master leased to Disney until May 2023. This unique legacy resulted in an equally unique unit mix (50% 3 bedroom 3 bathroom units) and additional, now unused, space built for classrooms. The amenities at the Property have also remained largely untouched presenting the ability to transform what was formerly classroom space into amenity-rich spaces that elevate the overall tenant experience and appeal of the property. Furthermore, new investors can take advantage of approved plans to create a new entrance directly on International Dr, enhancing the Property’s visibility and access to major thoroughfares. The combination of Perse’s premier location, significant value-add upside, and access to top employment and retail destinations positions the Property for exceptional future growth.