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California-Based Trion Properties Buys Disney College Program Apartment Complex

With Disney College Program apartments now located at Flamingo Crossings, a California-based real estate firm has purchased a complex formerly used to house DCP participants.

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Orlando Business Journal‘s Richard Bilbao has reported that Trion Properties has purchased the 384-unit Patterson Court complex for $107.75 million. Located off International Drive east of Walt Disney World (and south of the Orlando Vineland Premium Outlets), the building was previously owned by Miami-based Fifteen Group and San Francisco-based Meritage Group LP. Disney retains a triple-net master lease on the building until April 2023, according to a statement from Trion.

Bilbao added that Trion plans to undergo a “heavy” renovation of the property to accommodate more more traditional multifamily residents.

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Much closer to Walt Disney World, Flaming Crossings Village now serves as the home to Disney College Program apartments, just steps away from a growing number of shops and restaurants, including Starbucks, Hash House a Go Go, Walgreens, and Target.

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  1. How about the theme parks pitch in for affordable housing for their employees? You would need to work at least part-time to stay there. They don’t need more upscale price apartments.

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