ORLANDO-Blue Rock Partners LLC recently purchased the 168-unitWoodbridge Apartments at 7745 Brandywood Circle in Winter Park.With two additional complexes under contract, the Tampa-basedapartment community owner-operator is making a push to double itsholdings in the Orlando market for a total of 2,000 units.

Apartment Realty Advisors represented Blue Rock in the deal.Financial terms were not disclosed. But Reuven Oded, co-managingpartner of Blue Rock, tells GlobeSt.com the firm’s acquisitionstrategy targets value-added properties with a significant upsidepotential across Orlando and Tampa. Blue Rock holds nearly 5,000apartment units in Central Florida.

“We are very bullish on the Orlando metropolitan area,” Odedsays. “Orlando naturally was hit a bit harder because of the skewedtourism component of its economy. With the recovery underway, wefeel the spigots will open and tourists will start to stream intoOrlando and job growth will follow.”