By Georgiana Mihaila, Associate Editor
Inland American Communities Group—a wholly owned subsidiary of Inland American Real Estate Trust, Inc.—announced that its newest student community is close to completion and will begin serving the University of Central Florida and the surrounding areas this fall. Less than five months away from its official opening, the University House student housing community is already over 70 percent leased.
Scheduled for an August opening, the five-story University House will provide nearly 1,000 students with a premium off-campus housing option within close proximity to the University of Central Florida campus. The 416-unit development sits on a 9.93-acre site purchased by Inland American Communities in 2008. University House Central Florida will offer cutting-edge amenities, including fully furnished apartments, a fitness center, multimedia lounge, swimming pool with cabanas, athletic courts, putting green, tanning beds and more. Residents will also have access to parking in a controlled-access garage and the university and city shuttle systems.
“The University of Central Florida student community has shown great interest in the property, and Inland American Communities has already surpassed its June leasing goal,” said Travis Roberts, executive vice president/managing director, Inland American Communities. “With more than 300 leases signed in January alone and several floor plans already sold out, Inland American Communities is confident the complex will reach 100 percent capacity prior to August.”
Inland American Communities Group, Inc. is a development, acquisition and management organization dedicated to the creation of authentic communities in urban-infill and university markets across the United States. Formed in 2007 as a wholly owned subsidiary of Inland American Real Estate Trust, Inc., the company is headquartered in Dallas, Texas with additional corporate offices in Atlanta, Georgia and Tempe, Arizona.