
2015-Vintage, 282-Unit Institutional-Quality Multifamily Community in Naples, FL
282 UNITS | 2015 YEAR BUILT
The Offering
Berkadia, as exclusive advisor, is pleased to present the opportunity to acquire Orchid Run (the “Property”), a 2015-vintage, luxury apartment community located adjacent to the prestigious Grey Oaks neighborhood of Naples, Florida. Nestled among high-end estates in one of the nation’s most affluent enclaves, Orchid Run combines a sophisticated, Mediterranean-inspired aesthetic with immediate access to Naples’ premier commercial, employment, and recreational nodes. Solid concrete construction, classic barrel tile roofs, and a market-leading clubhouse—one of the largest in the submarket—position Orchid Run as a top-tier residential asset.
Strategically situated in the supply-constrained Central Naples corridor, the Property offers a high-quality living experience characterized by durability and timeless design. Residents enjoy a resort-caliber lifestyle featuring a rich suite of amenities, all while being minutes away from world-class dining, boutique retail, and the Gulf’s white-sand beaches. This institutional-grade asset stands out not only for its physical quality but also for its significant “rent-versus-own” advantage, as local home values continue to soar, pricing out all but the wealthiest buyers and reinforcing the Property’s appeal to lifestyle-driven, renter-by-choice residents.
Orchid Run is positioned for immediate value realization through a quantifiable interior renovation program, with nearby assets achieving $200+ rent premiums despite inferior locations. Furthermore, the Property sits at the heart of a dynamic economic hub, benefiting from Naples’ evolution into a destination for major corporations like Arthrex and ACI Worldwide. With robust demographic growth in the primary renter age cohorts and a significant opportunity to capture the lucrative “snowbird” seasonal market, Orchid Run represents an exceptional opportunity to acquire a high-performing asset with multiple exit strategies, including potential condominium conversion, in one of the most desirable coastal markets in the United States.
10991 Lost Lake Drive Naples,
FL 34105
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Investment
Highlights
Superior Central Naples Location & Scarcity Value
Located in the coveted in-fill Central Naples submarket where developable land is scarce. Only one other garden property has been developed within a 3-mile radius in the last 10 years, providing a “moat” against new supply and ensuring durable cash flow.
High-Quality, Timeless Mediterranean Design
Constructed with solid concrete and durable barrel tile roofs, the Property is built to last. The expansive, resort-style clubhouse and rich amenity suite elevate the resident experience beyond conventional apartment living.
Quantifiable Value-Add Upside
Current rent-to-income ratios indicate significant headroom for growth. By updating unit interiors to match modern luxury standards, investors can capture the $200+ rent premiums currently being achieved by newer, less-favorably located assets
Enormous Discount to Home Ownership
High residential prices in the immediate vicinity create a massive barrier to entry for homeownership. Residents save thousands per month compared to the cost of a mortgage, further bolstering the affluent renter profile of the community.
Explosive Demographic & Economic Growth
The Naples MSA is one of the wealthiest in the U.S. and is home to major employers like Arthrex, ACI Worldwide, and Beasley Broadcast Group. The primary renter demographic (ages 21-40) has grown by ~16% over the last five years, fueled by migration from the North and Southeast Florida.
Robust Post-Supply Wave Recovery
Following a wave of new regional supply, Orchid Run is showing strong momentum heading into 2026. Renewal rates have increased by 4.4% since the start of the year, with resident retention holding steady at nearly 55%.
Location
Contact
Tampa
4890 West Kennedy Blvd., Suite 940
Tampa, FL 33609
P. 813.675.0114
Orlando
300 South Orange Ave., Suite 1500
Orlando, FL 32801
P. 407.481.9920
Miami
1111 Brickell Ave., Suite 1650
Miami, FL 33131
P. 305.573.6650
Investment Advisors
Matt Mitchell
813.217.3419
[email protected]
DRE# BK3221815
Chris Burtner
321.446.4789
[email protected]
DRE# SL3610412
Jason Stanton
727.244.3329
[email protected]
DRE# SL693000
Alexander Hames
813.294.5109
[email protected]
DRE# SL3639995
Mortgage Banking
Charles Foschini
305.267.6608
[email protected]
Chris Apone
786.646.2590
[email protected]
Shannon Wilson
786.646.2579
[email protected]

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