RECENT HEADLINES
Lyria is a 330-unit multifamily project under construction. Residents at this market rate community will live just north of the Pensacola International Airport and a few minutes away from the University of West Florida.
Catalyst Development Partners, a leading real estate development firm specializing in ground-up luxury multifamily developments, is pleased to announce the appointment of David Harry as Chief Financial Officer, effective May 13, 2024.
Perla is a market rate multifamily project under construction in Panama City Beach. The build includes 336 units in (8) 3-story buildings.
“This Week’s Atlanta Deal Sheet,” Bisnow.com, May 31, 2024
Catalyst Development Partners appointed David Harry as its chief financial officer earlier this month, tasked with not only financial oversight of the luxury apartment developer but also generating new business in Metro Atlanta. Prior to Catalyst, Harry was a partner with Harbour Real Estate Partners and a senior vice president with Preferred Apartment Communities.
Atlanta-based Catalyst Development Partners has selected David Harry to serve as its chief financial officer. As CFO, Harry oversees Catalyst's financial operations, which include handling accounting and risk and capital management. He also plays a critical role in helping expand Catalyst’s multifamily presence across the Southeastern United States.
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Lyria is a 3-story garden style multifamily project under construction. Residents at this market rate community will live just north of the Pensacola International Airport and a few minutes away from the University of West Florida.
Perla is a market-rate community that will have (8) 3-story garden-style buildings in the Florida Panhandle. Learn more about this multifamily project
“Newly Formed Joint Venture Acquires Orlando Multifamily for $87M,” Connect CRE, September 26, 2022
Vienna, VA-based Middleburg Communities and London-based SFO Capital Partners have jointly acquired The Baldwin, a newly built, 270-unit Class A multifamily community in Orlando, FL.
According to sources familiar with the transaction, the purchase price was $87.3 million and Berkadia represented the seller, Catalyst Development Partners/The Carlyle Groups.
“Middleburg, SFO Capital Acquire Orlando Asset,” Multi-Housing News, September 23, 2022
Middleburg Communities, in a joint venture with SFO Capital Partners, has acquired The Baldwin, a 270-unit Class A community located in Orlando, Fla. According to Yardi Matrix, the buyers picked up the asset for $87.3 million, from Catalyst Development Partners.
“Altman Companies closes on land for second class A apartment community at Vineland Pointe," Growthspotter, September 22, 2022 [See PDF]
The transaction joins other multifamily property deals that occurred in the Orlando market over the past week. The highest-priced deal involved The Baldwin, a newly-built 270-unit luxury apartment community on East Colonial Drive that sold for $87.25 million — or $323,148 per unit.
Virginia-based Middleburg Communities and SFO Capital Partners, a London-based global real estate investor and investment manager, acquired the asset from the apartment community’s developer, Atlanta-based Catalyst Development Partners. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt Mitchell, and Senior Financial Analyst Bennett Hopkins of Berkadia arranged the sale of behalf of the seller.
Berkadia announces it has arranged the sale of The Baldwin, a brand new, 270-unit Class AA garden-style apartment community in Orlando, Florida. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt Mitchell, and Senior Financial Analyst Bennett Hopkins of Berkadia’s Orlando and Tampa offices arranged the sale of behalf of the seller, Catalyst Development Partners. Middleburg Communities, a fully integrated multifamily development, investment, construction, and management company operating in the southeastern and mid-Atlantic United States, acquired the property.
Apartments soon may rise where a big box retail store once was planned next to an existing Walmart in New Smyrna Beach. On Aug. 23, the New Smyrna Beach City Commission approved a request to allow for the development of 279 apartments. The property in question is 15.5 acres directly east of the Walmart Supercenter at 3155 State Road 44, in the Shoppes at Coronado development adjacent Interstate 95.
The Hanging Moss property in Orlando sits two miles to the northeast of Winter Park’s Lake Baldwin Park where another Atlanta-based developer, Catalyst Development Partners, recently completed construction of a 270-unit apartment community. [See PDF]
Berkadia announces it has arranged the sale of Lirio at Rafina, a brand-new, 280-unit, Class AA luxury garden apartment community in Orlando, Fla. Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler and Senior Managing Director Cole Whitaker of Berkadia Orlando marketed the property on behalf of Catalyst Development Partners and Six Pines Realty. Preferred Apartment Communities acquired the property.
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on October 14, 2021 it closed on a real estate loan investment of up to approximately $16.6 million in connection with Catalyst Development Partners’ plans to develop Menlo II, a 337-unit, mid-rise, surface parked, Class A multifamily community located in Jacksonville, Florida. Delivery of first units is expected in Spring 2023. The real estate loan investment has an outside maturity date in April 2027, co-terminus with the construction loan.
View full release here: https://www.businesswire.com/news/home/20211018005986/en/
The second-highest price paid for a multifamily property during the month of August was the $71 million sale of the EOS Apartments near the University of Central Florida,” Records show Carter Multifamily paid about $240,000 per apartment for the 296-unit community at 12221 E. Colonial Drive. The seller, New Jersey-based Raia Properties Corporation, paid $52 million for the EOS Apartments in 2016. The midrise complex was built in 2015 by Catalyst Development Partners. It sits on 12.75 acres just northwest of the Colonial Drive and S.R. 408 interchange. Humphreys & Partners designed the complex, which is built around four distinct courtyards featuring a resort-style pool, hammock haven, grilling station and zen garden.
“SoBa Apartments sold for $35.4 million,” Jax Daily Record, July 12, 2021
“SoBA Apartments sold for more than $35 million,” Jacksonville Business Journal, July 6, 2021
“Preferred Apartment Communities Makes $62M Orlando-Area Buy,” Multi-Housing News, December 28, 2020
“The Menlo apartments in eTown sell for $73 million,” Jacksonville Daily Record, December 18, 2020
“Atlanta-based Catalyst Development Partners has plans in the works to develop 280 multifamily units at 6575 E. Colonial Drive" Growthspotter, May 21, 2020 [PDF Article]
“The Menlo Now Leasing Luxury Apartments,” eTownJax.com, March 17, 2020
“Catalyst Development Partners eyes land near Baldwin Park for next apartment project,” Growthspotter, January 23, 2020 [PDF Article]
“City council approves apartment development at Oviedo Mall," www.clickorlando.com, January 6, 2020
“Downtown's Biggest CRE Projects in Development," Jacksonville Business Journal, October 4, 2019
“Ahead of the Curve,” DDC Journal, Summer 2019 v2 Issue, pg 178-180 [PDF Excerpt]
”SoBA luxury apartments on Southbank preleasing units,” Jacksonville Daily Record, August 27, 2019
Multi-family Panel Speaker, Rob Meyer: 5th Annual Marcus & Millichap / IPA Multifamily Forum: West & Central Florida, Tampa, FL; May 10, 2019 (Event Photo: Multi-family Panel Experts)
“SoBa Apartments to open in August on Southbank,” Jacksonville Daily Record, March 11, 2019
"Construction begins on Luxury Apartments at eTown,” Jacksonville Daily Record, February 22, 2019
"Construction starts on eTown apartment complex," Jacksonville Business Journal, February 21, 2019
“High-end apartments coming to eTown,” Jacksonville Business Journal, December 18, 2018
“Catalyst buys land in eTown for apartments,” Jacksonville Daily Record, December 17, 2018
Nasdaq: Financial Sector Update for 12/17/2018: APTS,LGI,GS,ADS; December 17, 2018
”Downtown: A picture of progress,” Florida Times Union / Jacksonville.com, December 16, 2018
“Passco Pays $63M for FL Property," Multi-Housing News, November 30, 2018
”Apartments, townhomes, housing moving ahead at eTown,” Jacksonville Daily Record, November 7, 2018
“Toll Brothers submits plans for model homes in Edison,” Jacksonville Daily Record, November 5, 2018
“Inventor theme at eTown's first neighborhoods," Jacksonville Daily Record, September 17, 2018
"First Retail Development In The Works for eTown," WJCT News, August 9, 2018
"Developers Identified To Develop eTown Apartments, Townhomes," WJCT News, July 13, 2018
"Crane Watch weekly roundup for the week of July 9," Jacksonville Business Journal, July 10, 2018
"Catalyst brands Home Street apartments project at SoBa," Jacksonville Daily Record, July 10, 2018
"$45M apartment complex planned near Waterford Lakes," Orlando Business Journal, February 9, 2018
"San Marco Apartments Submits Plans to City," Jacksonville Daily Record, December 13, 2017
"South Fork Conservancy Surpasses $2 Million Campaign Goal," Atlanta Intown, October 2017
"Movin' On Up," Jezebel Magazine, August 2017
"High-Tech Helios Apartments on Cheshire Bridge Now Open," What Now Atlanta, May 22, 2017
"Apartments sought for San Marco area," Jacksonville Financial News & Daily Record, April 18, 2017
"Another Residential Development Proposed For Southbank," Modern Cities, April 13, 2017
"New Construction Progressing on Luxury Apartments," Destin Log, February 7, 2017
"UCF area apartments sell for $52M," Orlando Business Chronicle, December 20, 2016
"St. Augustine PZB recommends approval of Antigua plans," St. Augustine Record, December 7, 2016
Browse a sampling of news coverage associated with Catalyst Development Partners' multi-market progress.
