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Fifteen Group, Meritage Acquire Multifamily Asset in Orlando for $68.7M

Patterson Court Apartments is located less than three miles from Walt Disney World in Orlando, Fla.

Patterson Court Apartments is located less than three miles from Walt Disney World in Orlando, Fla.

ORLANDO, FLA. — A joint venture between affiliates of Miami-based Fifteen Group and San Francisco-based Meritage Group LP has acquired Patterson Court Apartments in Orlando for $68.7 million. The 384-unit property is situated at the intersection of International Drive and Little Lake Bryan Road in the I-Drive corridor of Orlando, less than three miles from Walt Disney World. Patterson Court includes one- to three-bedroom units and features a fitness center, resort-style pool with sundeck, study rooms, on-site laundry facilities and a car wash center.

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