Loci Capital Recaps Florida Workforce Housing Asset
Funds controlled by Loci Capital Fund I, LP, an affiliate of Loci Capital Group, announced the successful recapitalization of Prose Stevens Pointe, a 264-unit workforce housing community in St. Cloud, Florida, within the Stevens master-planned development near Orlando.
The 10.9-acre property was underwritten around a basis-driven business plan designed to provide attainable rents relative to new construction in the submarket.
“Prose Stevens Pointe is a good example of how disciplined basis and thoughtful deal structuring can create durability across market cycles,” said Garrett Francis, Head of Multifamily at Loci Capital. “The team remained focused on executing the business plan and positioning the asset for liquidity through a shifting capital markets environment, ultimately delivering a successful outcome.”
With operational execution complete, Loci prioritized investor liquidity, completing a fourth-quarter 2025 recapitalization that provided a full exit for Fund I investors.
“This transaction represents another successful exit for our investors and reflects our continued focus on converting strong investment theses into realized results,” said Casey Wilson, Head of Capital Formation at Loci Capital.
Since launching in 2019, Loci has deployed more than $350 million of equity across over $1.4 billion of real estate investments throughout the Southeastern U.S.
Pictured: Prose Stevens Pointe