ORLANDO, FL – Institutionally-managed daily NAV REIT, JLL Income Property Trust has acquired a newly-constructed, luxury, class A apartment community in the northern Orlando suburb of Casselberry, FL for $154 million.
The 384-unit, lakefront apartment community, Jefferson Lake Howell, is located within 10 miles of downtown Orlando. The garden-style community offers access to Highway 4 and State Rd. 17, and it is situated near a Publix-anchored shopping center, a Walmart Supercenter, entertainment options and highly-rated schools.
"This addition to our growing residential portfolio, an overweight portfolio allocation for us, aligns with our strategy to invest in well-located communities with strong demand drivers and high barriers to entry for new competition," says Allan Swaringen, JLL Income Property Trust president and CEO.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
