ORLANDO, FL – Robbins Property Associates, a Tampa-based vertically integrated multifamily owner and operator, has bought the Wisper Palms Apartment Homes. The property, which was re-branded Pointe Parc at Avalon, is located in the booming Central Florida market in East Orlando.
Pointe Parc at Avalon is centrally located just minutes from highly desirable retail and employment, including the open-air Waterford Lake Town Center, Lockheed Martin, Siemens, the Central Florida Research Park, and Florida Hospital. Pointe Parc residents also delight in an unparalleled location for education with simple access to A-rated local school programs, Valencia College East Campus, and the second-largest university in the country, The University of Central Florida.
“Pointe Parc at Avalon marks our sixth acquisition of the year, and we continue to target unique assets in high-demand, desirable locations,” said Neal Herman, Managing Director of Investments at RPA. “East Orlando’s combination of education, government, space, and technology sectors has led to accelerated job and area household income growth over the past decade. We expect these trends to continue, and the investment is well-positioned to benefit as a result.”
The exceptional 308-unit property features a well-balanced mix of one (22%), two (50%), three (23%), and four-bedroom (6%) floorplans. Completed in 2004, this community features a wide array of amenities, including 172 attached garages, 136 detached garages, walking trails, storage units, a children’s playground, and a business center. Robbins Property Associate’s comprehensive value-add program will include upgrading unit interiors to include sleek quartz countertops in kitchens and baths, modern tile backsplashes, stainless-steel appliance packages, and wood plank flooring throughout.
Community amenity upgrades will highlight a complete renovation and expansion of the clubhouse and leasing center, an expanded 24-hour, state-of-the-art fitness center, and a fenced-in community pet park. Additionally, RPA will modernize the resort-style freeform pool by adding new lounge furniture and updating the outdoor summer kitchen and dining pavilion.
“We observe that demand for low-density, townhome-style product outpaces traditional three- and four-tale construction, especially in suburban submarkets,” said Kristi King, COO at RPA. “RPA is excited to transform Pointe Parc at Avalon through a comprehensive amenity upgrade and interior renovation plot.”

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LELAND, NC – Leading commercial real estate firms Goodegg Investments and Mesos Capital announced the joint acquisition of Waterleaf at Leland, a 248-unit class-A apartment community located in Leland, North Carolina. The teams are led by Julie Lam and Annie Dickerson at Goodegg Investments, and Pancham Gupta and Rajan Gupta at Mesos Capital.
“We are proud to add Waterleaf at Leland to our growing portfolio in the Carolinas. We continue to see strong performance across our assets in both North Carolina and South Carolina, including in Leland and the greater Wilmington MSA – performance driven by strong population growth, job growth, job diversity, and superior quality of life,” commented the investment leads.
“With the incredibly strong growth we’re seeing in Leland and Wilmington as a whole,” they continued, “we are confident we can optimize this asset and provide quality living for the residents, all while Leland continues to grow and thrive.”
Waterleaf at Leland is a newly built class-A 248-unit institutional-quality apartment complex delivered in April 2021. The property is located within the master-plotted Westgate community in Leland – the fastest growing city in North Carolina and one of the strongest submarkets of the Wilmington MSA.
Waterleaf at Leland features a range of top-of-the-line amenities, including an expansive resort-style saltwater pool with outdoor fireplace, clubhouse with coffee bar, state-of-the-art 24-hour fitness center with yoga and spin room, pickleball court, business center, car wash, dog park, community bike and kayak barn, private garages available, and valet trash.
Interior unit amenities include luxurious open-concept gourmet kitchens, granite countertops, tile backsplashes, 9-foot ceilings, custom hardwood cabinets, modern lighting, stainless steel appliances, wood-vinyl plank flooring, and private porches.
This is the 11th asset across multiple markets in both North Carolina and South Carolina to be added to the collective portfolio for Goodegg Investments and Mesos Capital. Together, this team owns and operates over 8,000 multifamily units worth over $900M across Texas and the Southeast and is uniquely positioned to lead the optimization and growth of this property.

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SAN MARCOS, TX – Los Angeles-based Orion Real Estate Partners announced that it has bought The Timbers, a garden-style apartment community in San Marcos, Texas. Orion bought the 155-unit apartment community from The Jacobson Company who owned it since 2016 and plans to invest approximately $1.7mm in interior and exterior improvements.
The Property sits on a nine-acre, irreplaceable hilltop site overlooking downtown San Marcos and Texas State University (TXST), home to 38,000 students. San Marcos is well positioned as an increasingly attractive and affordable alternative to Austin, home to over 2.1 million people with notable employers such as Apple, Facebook, Oracle, Google, Dell, and Tesla. The Timbers is located just 30 minutes away from downtown Austin.
This is Orion’s sixth acquisition in the central Texas corridor, spanning from Austin to San Antonio, and the firm is focused on expanding its portfolio in the area. Orion has a favorable long-term outlook on central Texas and expects that the corridor will continue to outperform the nation in both job and population growth.
CBRE Multifamily Capital provided an acquisition loan through East West Bank, and Orion engaged Peak Campus, a national leader in student-housing, to provide property management services.

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