Apartment

Venterra Realty Completes Acquisition of Cane Island 168-Unit Apartment Community in the Orlando Submarket in Kissimmee, Florida

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KISSIMMEE, FL – Venterra Realty acquired in Kissimmee, Florida. The property was built in 2008 by DR Horton, one of the largest home builders in the United States, in condominium grade “concrete block” construction.

The community offers large apartments with an average size of 1,316 square feet and an extensive set of amenities that includes a heated pool and resort style spa, a fully equipped workout area, an elegant clubhouse with billiards, video game room, club room and bar area with flat screen TV.

Cane Island is well placed near 6 of the 12 best theme parks in the world. While Orlando is known for its world-class entertainment hub, other sectors of the economy have grown, leading to diversification over the past decade. The region has been named one of the most competitive places in the country for business and has a perpetual talent pool with over 500,000 students within a 100 mile radius.

The community offers tenants a convenient location and the area’s largest floor plans. Cane Island’s two, three and four bedroom apartments offer ample closet space, granite countertops, space to work from home, and a full size washer and dryer. Venterra will complete other unit upgrades, including the addition of SmartHome technology and the development of Venterra’s customer-centric management platform.

“Cane Island is a valuable investment to add to Venterra’s growing portfolio in Orlando’s top performing market. We are confident that the property will greatly benefit from our unit upgrade program and we look forward to making Cane Island an even more desirable location. place to live, ”said Venterra Realty President Andrew Stewart.

Venterra will implement its resident-focused programs such as Live it. To like. Warranty, 48 Hour Service Guarantee, SMARTLEASING, as well as their overall commitment to providing a world class living experience for which Venterra has become known.

“This property offers significant opportunities and we are delighted to continue our growth in Florida, building on its strong job growth and attractive supply and demand,” said John Foresi, CEO of Venterra Realty.

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