ORLANDO – April 13, 2022 – Westmount Realty Capital, a leading commercial real estate investment company announces the acquisition of a garden-style multifamily property in Winter Park, called Lexington at Winter Park. The property is located at 1701 Lee Road and consists of twelve two-story buildings. This project marks Westmount’s first multifamily purchase in the Orlando metro area. The property will be rebranded as Westmount at Winter Park
“Lexington at Winter Park offers tremendous value and opportunity due to its proximity to, downtown Orlando, universities like Rollins College and shopping and dining. The city’s historic charm and its landscape of urban-suburban mix offer residents a great place to call home,” said Curtis Walker, Westmount’s managing director – multifamily acquisitions. “We’re excited to be a part of the highly sought after and exclusive Winter Park neighborhood, as we expand our multifamily portfolio in the Southeast.”
Lexington in Winter Park is located in Orange County and is approximately 7 miles north of downtown Orlando. The property was built in 1971 on 14.5 acres and includes 228 units. It is surrounded by upscale townhomes and luxury class-A apartment communities. Units span 430 to 1218 square feet and range from studio, one-bedroom, two-bedroom and three-bedroom floorplans, all of which include updated cabinetry with backsplash, stainless steel appliances, vinyl flooring, Nest thermostats, Ring doorbells and updated lighting. Resident amenities include a 24-hour fitness center, community clubhouse, walking and jogging trails, dog park and resort-style pool with pool-side cabanas. Changes Westmount plans to make include improvements to the interiors and amenities to meet the demands of the Winter Park renter.
“Florida has seen tremendous growth these past two years from strong migration throughout the country. The universities and employment opportunities make Winter Park a great place to live in central Florida,” said Brant Brown, Westmount’s president and COO. “We have invested in the Southeast market for 30 years and are constantly looking for strategic investment opportunities – we believe Florida and the Orlando area will continue to grow.”
The city of Winter Park is centrally located in the Orlando area and is within proximity to employment hubs, major retail and convenience stores and top-rated schools. More than 50% of Orlando’s metropolitan office space and jobs like Maitland Center and AdventHealth Health Village are within 20 minutes of Lexington at Winter Park. The property is also adjacent and 2 miles away from lavish dining and upscale shopping at Winter Park Village and Park Avenue.
About Westmount Realty Capital
Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 35 years. Westmount is seen as an innovator and leading-edge company in the industry and is a relationship-driven trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active within the U.S., specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com.
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