Balfour Beatty Communities Expands Multifamily Portfolio with 352-Unit Property in Kissimmee

MALVERN, Pa.--(BUSINESS WIRE)--Balfour Beatty Communities, a national residential real estate investment and management company, announced today that it has acquired a 352-unit apartment community in Kissimmee, Florida with ApexOne Investment Partners. The acquisition expands the company’s Florida footprint to 11 properties.

San Mateo Crossing is one of the newer communities in the Kissimmee area, opening in late 2019. Nine unique floor plan options are available across the community’s eight four-story buildings. Modern amenities are featured in each apartment home, including modern cabinetry, stainless steel finishes and appliances, granite countertops, and wood-style flooring.

The community offers a convenient location for commuters, situated within two miles of two major highways and adjacent to the Tupperware SunRail station providing easy access to the broader Orlando area. Also within walking distance is the newly constructed Orlando Health ER & Medical Pavilion.

“We are excited to invest in a new Florida submarket for Balfour Beatty Communities, particularly one with as much promising growth as Orlando,” said Mike Price, SVP of Acquisitions for Balfour Beatty Communities. “We look forward to bringing our world-class management services to this upscale community.”

About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.

Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc. and Balfour Beatty plc, a leading international infrastructure group.