Trion Properties pays $107.8M for Orlando, Fla., multifamily community

Trion Properties purchased a luxury multifamily community known as Patterson Court in Orlando, Fla., for approximately $107.8 million, representing the private equity real estate firm's first property in the state.

The property at 8151 Patterson Woods Drive has 384 units across 17 buildings. It is under a triple-net master lease with the Walt Disney Co. through April 2023.

The firm raised $20 million from retail investors and additional equity through its Trion Multifamily Opportunity Fund III to help finance the acquisition.

Berkadia represented the seller in the deal and secured the acquisition financing on behalf of the buyer.