Omninet Capital buys 343-unit Waterview Crossing in Orlando

Omninet Capital has acquired the 343-unit Waterview Crossing Apartments in Orlando’s Rosemont neighborhood in an all-cash deal that closed in 14 business days. The purchase expands Omninet’s Orlando holdings to five properties and more than 1,800 units as the firm plans a multi-million-dollar renovation program.

Why it matters: - The acquisition expands Omninet Capital’s Orlando portfolio to five properties and more than 1,800 units. - The deal adds scale in West Orlando, where Omninet is already among the largest multifamily owners. - Omninet plans a major investment to upgrade the community, which could affect resident experience and property value.

What happened: - Omninet Capital acquired Waterview Crossing Apartments, a 343-unit multifamily community at 3997 Rosewood Way in Orlando’s Rosemont neighborhood. - The firm closed the all-cash transaction in 14 business days without financing. - The announcement was made November 4, 2026.

The details: - Waterview Crossing was built in 1984 on 15.91 acres along a waterway. - The community includes one-bedroom apartment homes, two swimming pools, a tennis court and on-site laundry facilities. - The property sits near the N. Orange Blossom Trail (US-441) corridor and a LYNX transfer hub. - The location offers transit access to downtown Orlando, AdventHealth Orlando, Winter Park and other major job centers. - Omninet plans a multi-million-dollar improvement program focused on the exterior, common areas and interior renovations. - Planned work includes new roofing, parking lot resurfacing, exterior paint, landscaping, new signage and upgraded resident amenities. - Omninet Property Management will oversee day-to-day operations. - Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller. - Omninet thanked the brokers for helping complete a seamless transaction. - Omninet Capital shared a LinkedIn profile link: Omninet Capital on LinkedIn

Between the lines: - The purchase targets a value-add asset in a submarket with no new multifamily construction in the past five years, according to Donaldson. - The property’s proximity to major employment centers and the RoseArts District gives Omninet multiple angles for long-term upside. - The firm’s existing presence in Rosemont likely helped it move quickly and identify renovation potential.

What's next: - Omninet plans to move ahead with the property improvement program after closing. - Michael Danielpour said Omninet wants to acquire more properties in Orlando. - The company expects Orlando’s growth and business prospects to support further investment in the market.