Epoch Residential and ParkProperty Capital are pleased to announce the closing of Epoch Storey Park, a 325-unit multifamily development in the prestigious Lake Nona submarket of Orlando, Florida.
Winter Park, Fla. – Epoch Residential and ParkProperty Capital are pleased to announce the closing of Epoch Storey Park, a 325-unit multifamily development in the prestigious Lake Nona submarket of Orlando, Florida.
“Orlando continues to be a target market for our company, and the Lake Nona area is a beacon for continued growth and activity. We are pleased to be partnering with ParkProperty Capital and to get another great community underway especially given the many challenges in the market today,” says Justin Sand, Principal of Epoch Residential.
Epoch Storey Park is located on a half-moon shaped parcel at Dowden Road in front of the master planned community of Storey Park. The new Epoch community will offer a mix of 1, 2, and 3-bedroom apartment homes amongst several 4 and 5-story buildings as well as carriage homes. Additionally, residents will enjoy a designer 2-story clubhouse with views of the stunning outdoor amenity space including a modern pool, game lawn, gas grills and more that are all overlooking the serene conservation pond. Two resident parks are nestled within the community also boasting ample green space and walking trails for fresh outdoor living. Epoch Storey Park’s location, within Lake Nona, just east of the S.R. 417 Interchange, provides limitless access with the Orlando International Airport and new Brightline train less than 20 minutes away.
The overall design of the community is nature inspired, yet modern with a textural and collected approach all with a light, bright, fresh palette. Old Florida charm with a modern twist give the amenities an eclectic and evolved feel that spark a sense of adventure. Traditional details are reimagined in unexpected ways.
“We are thrilled to partner with such a high-quality developer in Epoch Residential and begin growing our footprint in Orlando,” says Brendan Whalen, Managing Director of ParkProperty Capital. “This will be our first investment in Orlando where we see a lot of opportunity given the continued growth, especially in the Lake Nona community. Epoch Storey Park is the eleventh investment through our discretionary fund platform that has invested over $350M in equity over the past two years into similar development opportunities throughout the major markets in the U.S. Sunbelt, so this is a significant milestone for ParkProperty Capital on multiple fronts.”
Epoch Storey Park is thrilled to offer new and exciting housing options for Lake Nona residents and families alike and will be an exceptional place to put down roots and create community.
About Epoch Residential:
Based in Winter Park, FL and celebrating over 50 years, Epoch Residential builds sought-after communities with a distinct sense of place in strategically chosen markets with highly skilled partners, specializing in Conventional and Active Adult multifamily properties. The company is focused on garden, townhomes and mid-rise apartments in suburban markets of major MSAs, constructing over 38,000 multifamily homes (155+ multifamily communities) in over 62 cities from Florida to California at a value of over $2.7 billion. Our team creates best-in-class communities elevating the experience for our partners and residents at every touchpoint. Epoch Residential’s leadership team has over 75 years of combined industry experience in the multi-family sector and is best known for its successful track record of developing a sense of place within landmark multifamily communities of lasting quality and architectural excellence.
About ParkProperty Capital:
ParkProperty Capital (“PPC”) is a multifamily real estate investment firm backed by members of the Otto Family, a high-net-worth German family with over 55 years of global real estate investment experience. PPC is focused on investing in joint-venture development as well as value-add, core-plus, and core acquisitions, which may be acquired directly or with best-in-class local sponsors, throughout the US Sunbelt, Seattle, and Boston. PPC invests in multifamily real estate through a series of discretionary funds and the family balance sheet. Its US investment operations and portfolio management are based in Atlanta, GA, where it manages a rapidly growing portfolio of approximately 4,500 units, with a fund management presence in Hamburg, Germany. For more information, visit parkpropertycapital.com.
About Storey Park:
Storey Park is a 1,270-acre master-planned community designed to promote a healthy and social lifestyle, featuring a clubhouse for events and casual gatherings, parks, picnic areas, and a fitness center. A-rated schools, top-notch healthcare, high average household incomes and strong population growth paired with restaurant and retail development has made Lake Noan and Storey Park an in-demand location.
