March 12, 2025 – Journey Capital Real Estate Partners, a national real estate investment firm, acquired The Rise at Plantation Walk, a 2021 vintage, 404-unit multifamily property located within the city of Plantation, Florida in Broward County, which is part of the greater Fort Lauderdale MSA. The Property sits in a 27-acre mixed use development comprised of retail, entertainment, office, and hotel space. Peter Calatozzo, Managing Partner and Josh Kogel, Managing Director announced the acquisition. The Plantation Walk acquisition represents Journey Capital’s seventh multifamily acquisition in Florida and first acquisition in Broward County.
“We are excited to add The Rise at Plantation Walk to our Florida portfolio of over 2,500 units and establish a footprint in Broward County. We have a high level of conviction in this submarket as recent deliveries have been well absorbed and demand fundamentals continue to remain strong,” said Peter Calatozzo. “The Plantation Walk acquisition reinforces Journey’s strategy of owning desirable assets in attractive neighborhoods with strong demographics and access to quality employment.”
“The Rise at Plantation Walk is a unique asset that aligns perfectly with our broader investment thesis,” said Josh Kogel. “The Property’s mixed-use setting, which includes 128,000 square feet of resident friendly walkable retail, an Aetna-anchored office building, a Sheraton Suites hotel, and a 2,500-space parking garage, is unique in the submarket and acts as a differentiating amenity amongst the competitive set. Employment fundamentals throughout the greater Fort Lauderdale MSA continue to remain strong as residents are proximate to a number of major employers including Merrill Lynch, AIG, Motorola, AT&T, Bank of America, and an American Express regional headquarters with 3,500 employees.”
The Property consists of two elevatored buildings, one seven-story structure atop ground-floor retail and one standalone eight-story structure. The community provides residents with modern unit interiors and an extensive amenity set. Apartment interiors feature luxury vinyl plank flooring, spacious walk-in closets, fully equipped gourmet kitchens with stainless steel appliances, expansive private patios and balconies, and full-size washers and dryers. The community amenities include two resort-style pools, two fitness centers with yoga studios, two clubhouses with gaming rooms, an outdoor kitchen with grilling stations, onsite storage, and a resident lounge with a dining area.
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 acquires, develops, and asset manages multifamily properties throughout the United States. For more information, please visit www.journeycapitalrealestate.com.
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