Prose Stevens Pointe Acquired by Loci Capital — Real Estate M&A

Loci Capital, a private real estate investment firm, has completed a strategic recapitalization that resulted in a full exit from its Prose Stevens Pointe multifamily investment. The asset is a 264-unit workforce apartment community in St. Cloud, Florida, located within the Stevens master-planned community in Osceola County near Orlando. The recapitalization was executed in the fourth quarter of 2025, providing liquidity to investors in Loci Capital Fund I and marking the realization of the investment thesis.

Prose Stevens Pointe was underwritten around a basis-driven plan aimed at delivering attainable rents versus typical new construction in the submarket. At the time of acquisition, the land was fully entitled and substantial site work had already been completed, supporting a cost structure designed to create margin of safety. The hold period took place amid interest-rate volatility and uneven transaction liquidity, with Loci emphasizing execution of the operating plan while positioning the property for future capital markets opportunities.

The company did not disclose deal size or specific recapitalization terms. Loci characterized the transaction as an example of disciplined basis management and deal structuring intended to maintain durability across market cycles, and it highlighted its focus on downside protection and multiple liquidity pathways as conditions evolve.