Parc Corniche

IPA is pleased to present Parc Corniche (“The Property”), a 210-unit rental asset located in the heart of Orlando’s renowned “I-Drive” entertainment corridor. This iconic locale boasts nearly 140K jobs within a 5-mile radius and provides access to major employment centers and world-class travel destinations including Sea World, Walt Disney World Resort, Universal Orlando Resort (New $7B+ EPIC Universe park), Lockheed Martin campus, Darden Restaurants HQ, and South Park Center office cluster. Parc Corniche offers investors tremendous potential both from an operational and a revitalization standpoint. Built in 1989 as condos, Parc Corniche recently passed a conditional termination plan allowing for the sale of the Property in anticipation of a new owner operating it as a 100% rental community. This transition presents a unique opportunity for new ownership to step in and stabilize property-level operations, implement professional management, make renovations, and perform a site-wide re-brand to establish the asset within the comp set. At the macro level, Orlando continues to maintain its position as a top-tier investment market, boasting the 6th fastest growing population in the nation from 2024-2025 (U.S. Census) and ranking #5 for projected in-migration through 2029. These factors make Parc Corniche a highly compelling offering with substantial upside going forward.