Venterra Realty Completes Acquisition of 168-Unit Cane Island Condo Neighborhood in Orlando Submarket of Kissimmee, Florida

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

KISSIMMEE, FL – Acquired Venterra Realty of Kissimmee, Florida. The property was opened in 2008 by D.R. Horton, one of the largest home builders in the United States, uses "concrete block" condominium quality construction.

The community offers large apartments with an average living area of ​​1,316 square meters and an extensive package of amenities that include a heated resort-style pool and spa, fully equipped exercise area, elegant clubhouse with billiards, video game room, club room and bar area with Flat screen TVs.

Cane Island is well positioned and is in close proximity to 6 of the top 12 theme parks in the world. While Orlando is known for its world-class entertainment cluster, other economic sectors have gained momentum, which has resulted in diversification over the past decade. The area has been named one of the most competitive business locations in the country and has a permanent talent pipeline with over 500,000 students within a 100 mile radius.

The community offers tenants a convenient location and the largest floor plans in the area. The two, three, and four bedroom apartments on Cane Island have plenty of closet space, granite countertops, space to work from home, and a full size washer and dryer. Venterra will complete additional 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 the growing Venterra portfolio in Orlando’s top performing market. We are confident that the property will benefit significantly from our unit upgrade program and look forward to making Cane Island an even more attractive place to live, "said Andrew Stewart, Chairman of Venterra Realty.

Venterra will continue its resident-centric programs such as Live it. Love it. Warranty, the 48-hour maintenance guarantee, SMARTLEASING and their total commitment to the first-class living experience for which Venterra is known.

"This property offers significant opportunity and we look forward to continuing our growth in Florida by building on the strong employment growth and attractive supply and demand," said John Foresi, CEO of Venterra Realty.

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