Vienna, VA-based Middleburg Communities and London-based SFO Capital Partners have jointly acquired The Baldwin, a newly built, 270-unit Class A multifamily community in Orlando, FL.

According to sources familiar with the transaction, the purchase price was $87.3 million and Berkadia represented the seller, Catalyst Development Partners/The Carlyle Groups.

The Baldwin is walking distance of many of Orlando’s business and leisure generators and a 20-minute drive from more than 449,000 jobs. The community is comprised comprises nine, three-story residential building situated on approximately 10.5 acres.

Middleburg acquired Indigo Champions Ridge in the Orlando submarket Davenport in July for $101 million, and the company’s investment activity in Central FL also includes the development of Mosby Citrus Ride in Davenport.

 “Given the area’s continued growth and population inflows, there is a significant need for the high-quality, attainable housing communities we have acquired or are developing,” said Chris Finlay, CEO of Middleburg Communities.