Katz Properties has paid $70 million for The Ridge at Champions, a 330-unit multifamily property in Davenport, Florida. The firm also secured a $38.5 million acquisition loan from United of Omaha Life Insurance Co.
Greystar, the seller, completed the development in 2023 using proceeds from a $42.7 million construction loan originated by SouthState Bank in October 2021. The community’s unit mix includes one-, two-, and three-bedroom floor plans ranging from 798 to 1,245 square feet, with select layouts featuring private balconies or patios.
Common-area amenities include a fitness center with cardio studio, an outdoor lounge and kitchen with grilling stations, a swimming pool with sundeck, and a clubhouse with lounge and business center. The property also offers EV charging stations.
