Knightvest Capital has acquired Heritage Estates, a 230-unit multifamily community in Orlando, Florida, marking the 15th investment in the firm’s Fund II and its third Orlando acquisition in the past six months. The transaction brings Knightvest’s total owned unit count in the Orlando market to 1,535.
Built in 2003, the property is located in East Orlando, a corridor the firm described as fast-growing and positioned near major employment centers, including Lockheed Martin, the University of Central Florida, Orlando International Airport, and Lake Nona.
Knightvest said it plans to execute a comprehensive renovation program spanning unit interiors, the exterior, and shared amenities. The scope includes upgrades to common areas, including a 9,000-square-foot clubhouse and fitness center. As part of the repositioning strategy, the firm has renamed the community The Palmer.
Knightvest entered the Orlando market in 2022 and said its growing presence is intended to create operational efficiencies and local-market insight as it continues to pursue additional opportunities in the region.
Knightvest is a vertically integrated multifamily investment and management firm that focuses on renovating and repositioning apartment communities. The company said it has invested more than $10 billion to acquire over 60,000 units across high-growth metros in Texas, Arizona, the Carolinas, and Florida.
KEY QUOTE:
“With The Palmer, we’re expanding our presence in a region where we’ve seen strong performance. The community’s spacious floorplans, high-quality construction, and proximity to major employment hubs make it a compelling addition to our portfolio. This acquisition reflects our deep-market strategy, focusing on fewer, more concentrated markets where we can build scale and local expertise that directly benefits performance.”
David Moore, Founder And CEO, Knightvest Capital
