Cardone Capital has acquired Orchid Run, a 282-unit luxury apartment community in Naples, Florida, in a sale arranged by Berkadia. The transaction expands the Miami-based investment firm’s multifamily holdings while adding a high-end asset in one of Southwest Florida’s most supply-constrained and sought-after markets.
Key takeaways
- Orchid Run includes 282 garden-style apartments completed in 2015.
- Berkadia arranged the sale for an affiliate of The Inland Real Estate Group of Companies.
- Cardone Capital’s portfolio now exceeds 14,800 apartment units and $5.4 billion in assets under management.
- The investment also includes 282 Bitcoin, consistent with Cardone Capital’s broader investment strategy.
Naples acquisition strengthens Cardone’s growth strategy
The acquisition marks another expansion of Cardone Capital’s presence across Florida and the broader Sun Belt. The firm is evaluating several hundred million dollars in additional multifamily purchases, signaling continued demand for well-located rental communities despite evolving market conditions.
Grant Cardone, the firm’s founder and chief executive, said the company aims to provide individual investors with access to institutional-quality multifamily opportunities—an approach that has guided its portfolio growth.
Berkadia-arranged sale draws broad investor interest
Berkadia North & Central Florida Senior Managing Director Matt Mitchell and Director Chris Burtner represented the seller in the transaction. Mitchell said Orchid Run attracted interest from institutional and private capital because of its quality, location and potential for continued performance as Naples grows.
The seller was an affiliate of The Inland Real Estate Group of Companies. Financial terms were not disclosed.
Luxury apartments near Naples employment and lifestyle hubs
Located at 10991 Lost Lake Drive in Central Naples, Orchid Run sits near the Grey Oaks community and offers access to Downtown Naples, Interstate 75 and Gulf Coast beaches. The property is also close to major employers such as Arthrex, NCH Healthcare System, Physicians Regional Healthcare System and ACI Worldwide.
The community comprises 108 one-bedroom, 126 two-bedroom and 48 three-bedroom residences, with apartments averaging about 1,040 square feet. Features include granite-countertop kitchens, stainless steel appliances, nine-foot ceilings, walk-in closets, in-unit laundry, private balconies and tiled walk-in showers with glass enclosures.
Extensive amenities support the property’s appeal
Orchid Run’s amenities include a pool and spa with private cabanas, a fitness center with yoga and studio space, and a clubhouse with a resident lounge and demonstration kitchen. Additional offerings include a coffee bar, outdoor grilling areas, a pet washing station, car wash and gated access.
The property’s positioning in an affluent submarket with limited multifamily supply could support long-term demand. Its proximity to shopping, dining, recreation and expanding employment centers further enhances its appeal to Naples renters.