Applewood

Description

A 160 unit market property located in Deland, Florida; midway between Orlando and Daytona Beach.
Property was acquired and capital improvements are currently underway to address deferred maintenance
while modestly upgrading units to accelerate rent growth. Operational improvements are also occuring
and stabilization expected by end of 2016.

City
DeLand
State
Florida
Aquisition date
December 2015
Number of units
160
Surface area
9204 m2
Fair value
6.8 Mio USD