USAA Buys 452,900-SF Multi-Family Community in Orlando
- Nov 18, 2010
November 18, 2010
By Allison Landa, News Editor
USAA Real Estate Co. has purchased Patterson Court, a 384-unit, Class A multi-family community at 8112 Patterson Wood Drive in Orlando’s Little Lake Bryan master development. The property, which was purchased from Wood Partners, spans 452,928 square feet and was completed in 2008.
According to USAA chairman and CEO Pat Duncan, Patterson Court represented the opportunity to buy a relatively new Class A property in a highly desirable area. Duncan added that the property is fully leased.
Patterson Court offers amenities including a pool and adjacent plaza, clubroom, and fitness as well as business centers. It spans 20 acres and is located near the Walt Disney World Resort and Sea World.
Wood Partners acquires, develops, constructs and manages high-density and mixed-use communities. It has been involved in the development of more than 36,000 homes with a combined value of more than $4.5 billion.