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| Max Sharkansky |
Altamonte at Spring Valley is Trion’s second acquisition in Florida, following the firm’s 2021 acquisition of Patterson Court, a luxury apartment community in Orlando.
The team has been actively
pursuing opportunities in the desirable Florida market and aims to rapidly
expand their presence in Southern states over the next several years, according
to Max Sharkansky, Managing Partner at Trion Properties.
“By utilizing our strong 16-year track record of successful multifamily investments, we were able to obtain a favorable purchase price and close the deal smoothly and quickly,” explains Sharkansky, who notes that the acquisition of Altamonte at Spring Valley brings Trion’s Southeast multifamily portfolio to more than 1,230 units in just over six months since entering the region.
The property is on the south side of the Altamonte Springs
submarket, a 15-minute drive from downtown Orlando and within a 20-minute drive
of more than 36 million square feet of office space, notes Mitch Paskover, Managing
Partner at Trion Properties. 
Mitch Paskover
“We are seeing rapid job growth in Orlando, which has been double the national average over the past 5 years and is projected to continue at approximately 2.5 times the national average over the next 5 years,” says Paskover.
Marley Dominguez, Director of Acquisitions at Trion Properties, adds: “Altamonte Springs is unique within the North Orlando submarket for the large number of renters despite the affluence of the area, making this a unique opportunity to implement value-add enhancements that will meet the expectations of renters in the area and in turn increase values.”
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| Marley Dominguez |
Ryan Moody, Scott Ramey and Paul Grant from Newmark represented the seller in this transaction.
CONTACTS:
Elisabeth Manville / Anthea Davis
The Smart Agency
(949) 438-626
