The 626-bed community marks Subtext’s first student housing delivery in Florida and expands its presence to one of the nation’s largest university markets.
Completed project imagery by C+N Photography
ORLANDO, FL – SEPTEMBER 29, 2026 – Subtext, a national real estate company focused on elevating the resident experience, has officially opened VERVE Orlando, a 626-bed student housing development near the University of Central Florida. Located at 3133 N. Alafaya Trail, the 446,078-square-foot project includes 200 units ranging from studios to five-bedroom layouts.
“VERVE Orlando reflects our belief that student living should feel specific to the residents and the market it serves,” said Tim VanMatre, Founding Partner and Co-CEO of Subtext. “We leaned into the energy of Orlando to create a community that balances academics and wellness with entertainment, connection, and fun. The result is an experience that feels distinctly VERVE, but also distinctly Orlando.”
Located less than a quarter mile from campus along Science Drive, VERVE Orlando places residents within an eight-minute walk of UCF while offering a highly activated, hospitality-driven living experience. The development is programmed around Orlando’s year-round climate and entertainment culture, extending student life beyond the apartment with indoor and outdoor environments that encourage residents to spend time outside, connect with friends, create, focus, and recharge. Across more than 37,000 square feet of indoor and outdoor space, these amenities come together into a community that supports every aspect of student life:
· Fitness & Wellness: 24/7 fitness center; dedicated yoga room; wellness suite with sauna and meditation rooms
· Entertainment & Social: Courtyard pool with sun shelf and hot tub; outdoor green space with fire pits and grilling stations; karaoke lounge; golf simulator; speakeasy with arcade games; club room with indoor games
· Study & Work: Study lounge with private and group study pods; outdoor study breezeway; podcast and content creation room
· Everyday Convenience: Lobby coffee bar; pet spa; EV charging stations; bike and scooter storage with charging and repair stations
As part of the development, Subtext improved the Innovation Trail North by widening the sidewalk to 10 feet along the western edge of the property, enhancing pedestrian access, and connectivity between the community and campus.
VERVE Orlando represents Subtext’s first student housing development to deliver in Florida and expands the company’s presence into one of the nation’s largest university markets. UCF enrolled over 70,000 students in Fall 2025, making it the largest university by enrollment in Florida and one of the largest in the nation. The university’s main campus is also adjacent to Central Florida Research Park, connecting UCF to the region’s established research and technology ecosystem.
The community was developed in partnership with FrontRange Capital Partners and Nuveen Real Estate. Financing was provided by Simmons Bank. Architecture was led by Dwell Design Studio, interiors were led by ESG Architecture & Design, civil engineering was completed by Kimley-Horn and Associates, Inc., and construction was completed by Live Oak Contracting. Construction began in summer 2024, and the first residents moved into the community in August 2026.
“The VERVE Orlando project aligns well with our student housing development strategy, which is focused on delivering new, Class A, fully amenitized student rental housing in large and growing university markets across the country, including Orlando,” said Carlos Burneo, Nuveen’s lead for housing development in the U.S. “This is an exciting start to our development relationship with Subtext.”
VERVE Orlando continues the growth of Subtext’s student housing platform, which delivered five new developments totaling 3,105 beds ahead of the 2026–27 academic year. For more information or to explore VERVE Orlando, visit verve-orlando.com.
About Subtext
Subtext is a vertically integrated, national real estate company focused on elevating the resident experience. From student living to public-private partnerships to conventional multifamily, Subtext creates thoughtfully designed communities that foster connection, productivity, and well-being. Its resident-first approach combines top-tier expertise, in-depth market research, and resident feedback to deliver lasting value. Subtext cultivates spaces where renters can live their best lives. For more information about Subtext, or to inquire about opportunities, visit subtextliving.com.
About FrontRange Capital Partners
FrontRange Capital is a real estate private equity firm focused on strategic partnerships with leading middle-market real estate companies. Founded in 2010 and based in Denver, Colorado, FrontRange specializes in platform, Co-GP, and LP capital solutions that help management teams execute their growth plans. In addition, FrontRange provides operational support services to companies focused on further institutionalizing their businesses. For more information, please visit frontrangecap.com.
