Aztec Group Arranges $8.9 Million In Equity Financing For Transit-Oriented Rental Community In Orlando

Aztec Group, Inc. announced that Sean Harrington, Jason Shapiro and Peter Mekras arranged $8,925,000 in joint venture equity for the development of San Mateo Crossing, a two-phase, market-rate rental community in Orlando. The first phase will consist of 240 apartment units spread across 14 acres of land. Aztec Group represented a private, Miami-based family office, that will serve as a co-general partner on the project. South Florida-based Eastwind Development, LLC will be developing San Mateo Crossing, which is strategically located near the SunRail Tupperware commuter train station at 3205 Orange Ave., offering instant access to Central Florida’s three largest counties.  

“Orlando’s multifamily real estate market is booming right now as exceptional job and population growth are making it one of the fastest growing cities in the country,” said Aztec Group’s Sean Harrington. “We will only continue to see more private investors and developers expand into this market with new multi-family product that meets the community’s housing needs.”

“Transit-oriented developments are very viable and popular across the state,” added Aztec Group’s Jason Shapiro. “Our client saw this is an opportunity to stay ahead of the market and keep pace with a major development trend as more and more demographics seek work and living options close to public transit.”

————————

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

Click Here To Subscribe Today!