ALTAMONTE SPRINGS, FL – GSH Group, an experienced team of highly skilled and innovative multi-family home investors, has acquired its first Florida property for $ 62.8 million. The Preserve at Spring Lake is a 320-unit multi-family development in Altamonte Springs, FL located in the thriving and diverse northern suburb of Orlando, Seminole County.
GSH plans to upgrade this well-maintained vintage 1970s property with an investment budget of over $ 3.8 million. Residents of The Preserve at Spring Lake already enjoy the use of five swimming pools and a low-density site map, and GSH-style renovations will continue to improve the comfort and lifestyle of residents. The upgrades contracted with Multifamily Commercial Construction LLC, headquartered in Oak Park, MI, range from renovating the interior and exterior of the unit, installing exterior lighting and updating parking lots, to implementing cost-saving efficiencies through human touch and technical touch.
"We are delighted to have hired Bainbridge, a world class outside property manager for this property, and we are confident that they will help us achieve its full potential," said Gideon Pfeffer, Managing Partner of The GSH Group.
This acquisition and its capital improvement strategy perfectly aligns with GSH's goals of generating strong and steady returns for its investors and partners while improving the lives of its residents and all stakeholders through well-planned and measured value-adding upgrades of their properties and through innovative social impact programs on. GSH Group's Concierge Approach to Real Estate Investing enables investors to participate in the lucrative multi-family real estate market with ease and the peace of mind that all of the hard work and challenges will be handled and executed with expert guidance.
Source: The GSH group