Halstatt and GoldOller Collaborate to Acquire 200-Unit Isles at East Millenia, Bolstering Workforce Housing in Orlando

In a notable advancement in the multifamily apartment industry, Halstatt Real Estate Partners, in concert with GoldOller Real Estate Investments, has acquired Isles at East Millenia, a 200-unit multifamily community in Orlando, Florida. This acquisition is an insightful move that capitalizes on Orlando’s vigorous job and population growth, particularly within its prominent leisure and hospitality sector.

The necessity for quality workforce housing in Orlando’s burgeoning submarkets is apparent, and Isles at East Millenia addresses this growing requirement. Steven Iannaccone, managing principal at Halstatt Real Estate Partners, reflected on the strategic importance of the acquisition, stating, “While much of the region’s new supply targets Class A renters, Isles at East Millenia meets the growing demand for quality workforce housing in one of Orlando’s most dynamic submarkets. The asset’s location and fundamentals make it an ideal fit for our value-add strategy.”

Halstatt Real Estate Partners and GoldOller’s alliance is heading into its fourth value-add repositioning project with this acquisition. Their collaborative effort will encompass a rigorous renovation program, aiming to elevate the living experience for residents. Upgraded units will boast new appliances, countertops, and modern finishes, alongside improvements to the property’s exterior and common areas.

This strategic partnership brings inherent expertise to the endeavor, with GoldOller’s substantial acumen in managing over 40,000 apartment units across the United States, including a solid operational presence within the Orlando market, which already encompasses management of 750 units.

Halstatt’s investment approach, which spans across Florida, Texas, and the Southeast, involves identifying value-add and opportunistic real estate projects. Together with seasoned sponsors, they strive to enhance asset value and fortify portfolio performance. With a vested interest in multifamily investments, Halstatt has also positioned itself as an early adopter in the build-to-rent sector — a visionary step that underscores their commitment to innovation and tactical growth in the multifamily landscape.