The Preserve at Poinciana in Poinciana, Florida

Shoreham Capital Sells 175-Unit Build-to-Rent Community Near Orlando

by Channing Hamilton

POINCIANA, FLA. — Shoreham Capital has sold The Preserve at Poinciana, a 175-unit build-to-rent community currently under construction in the Orlando suburb of Poinciana. An unnamed state pension fund purchased the asset through a separate account managed by Heitman. The sales price was not disclosed. Tyler Swidler, Brett Moss and Matt Mitchell of Berkadia represented Shoreham Capital in the deal.

The Preserve at Poinciana will feature three- and four-bedroom homes ranging 2,000 to 2,300 square feet in size. Amenities will include attached garages, a pool, green space, children’s playground, dog run and walking trails. JNS Homes is building the community on a 27-acre site. Development is expected to complete in the third quarter of this year.

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