NEW YORK, July 31, 2023 — Journey Capital, a New York-based real estate investment platform focused exclusively on institutional-quality multifamily acquisitions, today announced the acquisition of Knightsbridge at Stoneybrook, a 396-unit multifamily community located in Orlando, Florida within the East Orange County submarket. Built in 2000, the property is situated within a gated, golf course community and features exceptionally low density at less than eight units per acre. The acquisition was announced by Peter Calatozzo, Managing Partner, and Josh Kogel, Managing Director.
“Knightsbridge at Stoneybrook exemplifies the type of asset we seek, a well-located, high-quality community in a supply-constrained submarket with strong demographic tailwinds and a clear value-add path,” said Peter Calatozzo. “East Orange County checks every box in our investment framework, and we look forward to elevating an already exceptional living experience for residents.”
Knightsbridge at Stoneybrook reflects Journey Capital’s core investment thesis: acquiring differentiated multifamily assets in markets with meaningful barriers to entry and durable demand drivers. The property’s submarket benefits from significant natural barriers to entry and municipal zoning restrictions that limit new development and create lasting supply constraints. Local demographics are compelling, with residents employed across resilient industries including healthcare, education, and engineering, and the community is zoned to highly-rated schools.
The property is proximate to several major employment hubs, including Lockheed Martin, Siemens Energy, the University of Central Florida, and UCF Research Park, representing more than 40,000 employees. Residents also enjoy convenient access to premier retail and entertainment destinations, including Avalon Park and Waterford Lakes Town Center, which together comprise 1.2 million square feet of commercial space and more than 200 restaurants and shops.
The property consists of 43 two-story, townhome-style buildings across a 52-acre campus, offering large unit sizes with private entrances and patios or balconies. Apartment interiors feature in-unit laundry, 9-foot and vaulted ceilings, stainless steel appliances, quartz countertops, and vinyl plank flooring. Community amenities include gated entry, two swimming pools, a fitness center, a dog park, a resident clubhouse, a pickleball court, and EV charging stations.
Journey Capital plans to deploy a property-wide capital improvement program targeting unit renovations alongside common area and amenity enhancements.
About Journey Capital
Journey Capital is a real estate investment manager that utilizes a comprehensive data driven approach to identify attractive investment opportunities with the objective of optimizing value for investors. We believe that demographic trends and structural shifts to behavioral patterns will drive demand for certain real estate throughout the United States. We seek to capitalize on this investment philosophy in markets where we have a high level of conviction. Journey Capital will acquire, develop, and asset manage multifamily, industrial, and mixed-use properties throughout the United States. For more information, please visit www.journeycapitalrealestate.com.
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Journey Capital Acquires Knightsbridge at Stoneybrook in Orlando, Florida
Journey Capital, a New York-based real estate investment platform focused exclusively on institutional-quality multifamily acquisitions, today announced the acquisition of Knightsbridge at Stoneybrook, a 396-unit multifamily community located in Orlando, Florida within the East Orange County submarket.
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