Hilltop Residential, a vertically integrated multifamily investment firm, today announced the acquisition of Marvera Casselberry (formerly known as Solé at Casselberry), a premier 336-unit Class-A multifamily community located in the heart of Seminole County, Orlando. Originally developed in 2017, the property offers immediate cash flow with significant long-term value through targeted operational enhancements. The acquisition comes at a compelling in-place cap rate, with Hilltop poised to unlock significant upside by transitioning property management in-house and aligning expenses with market benchmarks.
Strategically positioned near Hwy 17-92 and S.R. 436, Marvera Casselberry provides residents with exceptional connectivity to major employment hubs such as Maitland Center and the upscale amenities of Downtown Winter Park. The property is located within a top-rated school district and benefits from strong local demographics, including an average household income of approximately $102,000. With limited new supply in the area, Marvera Casselberry stands out as a scarce and highly desirable asset in a growing market.
“This acquisition highlights Hilltop’s commitment to identifying high-quality assets with strong fundamentals and clear value-add potential,” said David Wylie, Managing Partner at Hilltop Residential. “Marvera Casselberry is an example of the kind of opportunity we seek - a well-located, institutionally built asset where we can drive operational improvement. Our in-house management platform has consistently delivered margin expansion across our portfolio, and we’re confident Marvera Casselberry will be a strong performer for our investors.”
Marvera Casselberry marks the third investment in Hilltop’s Fund VI which targets post-2000 vintage multifamily properties in major metropolitan areas across Texas and the Southeast.
About Hilltop Residential
Headquartered in Houston, Hilltop Residential is a vertically integrated multifamily real estate investment and management company. Since its inception in 2017, Hilltop Residential has acquired 53 apartment communities and currently owns and manages 38 apartment communities totaling 10,722 units. Hilltop is a certified Great Place to Work (2019-2025).