ORLANDO, Fla. – March 23, 2021 – Berkadia announced today the sale of The Mark at SoDo, a 258-unit garden-style multifamily property located in Orlando, Florida. Senior Managing Director Cole Whitaker, Director Mary Beale and Associate Director Lauren Gassie of Berkadia’s Orlando office completed the $29.2 million sale. The Mark at SoDo was sold by a real estate fund managed by Covenant Capital Group, LLC, a value-add investment manager with an exclusive focus on the acquisition and renovation of apartment communities. The buyer was a JV with Peacock Capital LLC and Pier Rock Properties, both based in Orlando. The deal closed on March 16.
“The SoDo District is experiencing a major gentrification and is a great place to invest,” said Whitaker. “The Mark at SoDo’s proximity to major Orlando employment, including Orlando Health’s 2,400-bed campus a mile and half north, makes this a highly desirable apartment location.”
Located at 3435 S Orange Ave., The Mark at SoDo features one-bedroom floor plans with granite countertops, stainless steel appliances and in-unit washers and dryers. Community amenities include two swimming pools. Located 2.5 miles south of Downtown Orlando in the SoDo District, residents are afforded convenient access to Orlando Health, Downtown Orlando, the Orlando International Airport and the shops and restaurants along Orange Avenue.