ORLANDO, FL – The Bascom Group, in partnership with Leste Group and East Hill Capital Partners, has bought their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Temperamental, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management.
Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Small Lake Bryan master plot, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.”
Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows for simple access to major employment, retail, dining, and entertainment centers throughout Orlando. The property is situated within a small commute of multiple key demand drivers in South Orlando, including Walt Disney World, Lockheed Martin, SeaWorld, Universal Resort, Orlando International Airport, and 13.1 million SF of office and flex space in the South Orlando Commercial Core. Orlando continues to be an attractive destination thanks to its business-friendly environment, no state-income tax, access to major transportation networks, and high quality of life.
Chatham Square features two- and three-tale residential buildings and spacious one-, two-, three-, and four-bedroom floorplans. The property grounds provide residents a sprawling low-density feel with lush landscaping, bountiful public spaces, mature oak groves, and views of Small Lake Bryan. Chatham’s abundant amenity set includes two clubhouse areas, resort style swimming pool, fitness center, tennis court, sand volleyball court, outdoor pool table, garages, and more.
“Chatham Square’s irreplicable location and differentiated, low-density, product offering is what attracted us to this value-add multifamily investment opportunity. Located in Southwest Orlando, Chatham will benefit from being in one of the tightest housing markets in the country. We are glad to be expanding our trusted partnerships with Bascom and Leste through this transaction,” said Duff Bedrosian, Managing Partner at East Hill Capital Partners.

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ORLANDO, FL – Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced that it has completed a significant rehabilitation of Valencia Park. The 208-unit affordable property in Orlando, Florida currently serves about 800 residents. LAC closed on the acquisition of the property in January 2021 and as part of the rehabilitation, extended the property’s affordability restriction for another 30 years.
“Lincoln Avenue Capital is a mission-driven company that works to strengthen communities through affordable housing,” said LAC CEO Jeremy Bronfman. “We are proud to expand our impact in Orlando by providing high-quality, sustainable homes for nearly 800 residents.”
“We look forward to preserving and extending the affordability of Valencia Park for another generation of residents,” said Eli Bronfman, LAC Managing Partner.
Lincoln Avenue Capital invested significantly in rehabilitating and upgrading the property. Completed upgrades to individual units include new kitchen appliances, new countertops, and vinyl plank flooring. The buildings received fresh paint and new windows as well as HVAC and electrical system improvements.
“I am thrilled about the recent renovations—it nearly feels like I am living in a new place entirely,” said resident Kim Lopez, who has lived at the property since 2015. “From the new flooring to appliances, upgrades across the board have made a positive impact on my daily life.”
LAC equipped the property with a range of new sustainability features such as energy-efficient windows in each unit, low-flow appliances that preserve water, and daylight sensors attached to the buildings to conserve electricity. Additionally, LAC improved the site’s accessibility with new wheelchair-accessible paths installed throughout the property.
Valencia Park currently offers residents outdoor amenities including a swimming pool, playground, and basketball court. The property management and resident services teams will continue to provide residents with opportunities to connect through community picnics, holiday parties and programming for children on a regularly scheduled basis.

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AMBLER, PA – Ambler, PA is getting ready to welcome its first new apartment community in over 50 years. While the construction of the property is moving quickly, the path to this stage of the project is an incredible tale of a community coming together to bring its vision to life.
25+ years ago, Ambler was a blighted community with multiple abandoned industrial facilities. Ambler was in economic decline and was suffering from the relics of its industrial past. Through dedication and focus, members of the Ambler Borough worked diligently to attract commerce, retail, dining, arts, and culture to Ambler, transforming the town into the thriving community it is today.
Summit Realty Advisors is developing the last piece needed to complement Ambler’s revitalization – housing. In 2020, the firm broke ground on The Crossings at Ambler Station, a groundbreaking new, 114-unit apartment community. The development is under construction and will offer pet-friendly, one and two-bedroom homes ranging from 669 square feet to 1,155 square feet. “I am so grateful Summit Realty was committed to getting this project approved. It’s a testament to their unwavering dedication and vision. People are dying to come live in Ambler, but we need apartments for them. I couldn’t be more thrilled about The Crossings at Ambler Station,” said Liz Wahl Kunzier, Ambler Main Street Manager.
Each apartment will feature exquisite finishes, including stainless steel appliances, wood-plank style flooring, oversized walk-in closets, unique lighting accents, and a washer and dryer. “Being the first new apartment development in Amblerin over 50 years, we had a unique opportunity to establish a new standard for apartment living in the Borough. We wanted to make an environment that would provide our residents with a living experience unlike any other within the Ambler community,” clarified John Zaharchuk, Principal at Summit Realty Advisors.
The Crossings at Ambler Station boasts an extraordinary amenity package, unrivaled by any other project of its size. Summit Realty has left no stone unturned with the community’s stand-out offerings. From lightening the workday with access to conference spaces and Zoom Rooms to a health-club style fitness center, The Crossings at Ambler Station provides best-in-class experiences at every turn. Residents have access to numerous common areas for socializing, a bark park and pet washing station, car wash, package room, and an incredible Village Green with over 23,000 square feet of perfectly landscaped outdoor space.
Perfectly sized for a close-knit neighborhood vibe, The Crossings naturally complements the Ambler scene. Within walking distance of Ambler’s main strip, residents can pop over for locally sourced goods, boutique shopping, premier dining, or a night out. The community is conveniently located next to the Ambler Train Station if they want to head into the city.
Scully Company will professionally manage the community, handle all resident programming and customer service, and bring peace of mind with 24-hour emergency maintenance.
“We are incredibly excited to be part of this awesome new project that Ambler has needed for a long time. It’s a perfect location for development. People will be in walking distance of all Ambler has to offer, even though the community is so well plotted they may never want to leave it,” Jessica Scully, President of Scully Company, shared.

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