Bayshore Investment Partners (“BIP”) is pleased to announce its fifth multifamily acquisition of 2021, Portofino at Championsgate. The 121-unit luxury apartment community was completed in 2018 and is in the master planned community of Championsgate, west of Orlando and in close proximity to Disney. The luxury community was developed via concrete- block construction and includes the following amenities: private direct-access garages attached to each unit, resort style swimming pool / spa, expansive fitness studio, secure and gated barcode access, dog park with agility course, outdoor grilling stations, resident coffee bar and an outdoor yoga area.
This acquisition increases BIP’s Orlando portfolio to three communities with approximately 430 units. Furthermore, this acquisition marks BIP’s +2,100 units since inception milestone. The partnership acquired the asset via the assumption of an existing HUD loan.
We would like to thank Chad Freedman of Ballaga Freedman & Atkins who represented the partnership in the acquisition and Shelton Grenade, Luke Wickham and Justin Basquil from IPA Florida who represented the seller. Our sister company, Cynergy Property Management LLC, will be providing property management services.
BIP is a Miami-based real estate investment and management firm that was formed in 2010 to acquire and operate multifamily and commercial properties. Today, BIP acquires apartments, retail centers, and industrial flex assets. BIP has acquired sixteen apartment communities with over 2,100 units since inception and an additional 170,000 square feet of retail and industrial flex assets comprising over $330 million in acquisition value. Combined, the principals have acquired and/or managed over $4 billion of real estate assets nationwide during their careers. For more information, please visit www.bayshoreinv.com