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

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.