Knightvest Capital Expands Portfolio with Strategic Acquisition
Knightvest Capital Expands Portfolio with Strategic Acquisition
This acquisition represents the ninth investment in Knightvest's Fund II.
As part of its renovation efforts, Knightvest has renamed the community to The Walton.
Knightvest Capital, a vertically integrated multifamily investment firm, recently announced the acquisition of the Cortland Vera Sanford community. This significant transaction marks the ninth investment in Knightvest's Fund II, which is still open to new investors through 2025.
Built in 2018, the 332-unit apartment community is located in a high-income suburb of northern Orlando. The property offers a unique assortment of units, including two-story townhomes with attached garages. Knightvest is set to renovate the majority of these units and implement substantial upgrades to the community's amenities and common spaces. As part of the renovation, the community will be known as The Walton.
David Moore, the founder and CEO of Knightvest, commented on the acquisition, stating, "This acquisition reflects our continued strategy of targeting high-quality, differentiated multifamily assets in growing Sun Belt markets. With a steady influx of new residents, strong job creation, and limited new supply driving sustained demand for quality housing, Orlando exemplifies the kind of high-growth Sun Belt market we target. We're excited to expand our presence in the region and implement our proven strategy at The Walton by elevating a community through thoughtful renovations."
The property's low-density layout and proximity to major employment centers highlight its desirability in a market where replicating such offerings has become increasingly cost-prohibitive. This acquisition extends Knightvest's footprint in Central Florida, with additional opportunities in the Orlando area in the pipeline.
About Knightvest Capital
Knightvest is an industry-leading multifamily investment and management firm recognized for creating communities of excellence and delivering reliable results that empower investors, employees, and residents to thrive. As a vertically integrated firm, Knightvest specializes in renovating and repositioning multifamily properties. Its unique approach emphasizes setting a new standard in design-driven quality, executing with operational efficiency, and fostering a people-first culture. Since its inception in 2007, Knightvest has invested over $10 billion into acquiring over 60,000 units across high-growth metro areas in Texas, Arizona, the Carolinas, and Florida, making it one of the largest apartment owners in the United States.
For more information, please visit KnightvestCapital.com and follow us on LinkedIn.
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Frequently Asked Questions
What type of property did Knightvest acquire?
Knightvest acquired the Cortland Vera Sanford community, a 332-unit apartment development.
What is the plan for the newly acquired property?
The plan includes extensive renovations and upgrades to both units and community amenities.
What is the new name of the community?
The community has been renamed to The Walton as part of the renovation efforts.
Where is the property located?
The property is located in a high-income suburb of northern Orlando, Florida.
How does this acquisition fit into Knightvest's overall strategy?
This acquisition aligns with Knightvest's strategy of targeting high-quality, differentiated multifamily assets in growing markets.
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