Lantower Lands 282-Unit Orlando Community
The company has brought its portfolio total to more than 4,800 units with the purchase of Lantower Grande Pines, a recently built community in the I-4 tourism corridor of southwest Orlando.
By Alex Ciorogar
Lantower Grande Pines in Orlando, Fla.
Dallas-based Lantower Residential—a subsidiary of H&R REIT—has acquired Lantower Grande Pines from Picerne Real Estate Group. Built in 2017, the property is located at 11128 Grande Pines Circle in Orlando, Fla., in the heart of the I-4 tourism corridor.
Providing easy access to employment centers like Lockheed Martin and Darden Restaurants, the 282-unit community features one-, two- and three-bedroom floorplans. Interior amenities include wine racks, Energy Star stainless-steel appliances, granite countertops with kitchen islands and “smart home” systems. Community amenities include a 10,000-square-foot clubhouse with a state-of-the-art fitness center, separate yoga rooms, clubroom with entertaining space and billiards, resort-style pool with cabanas, lake with LED-lit fountains and a bark park.
STRONG SUBMARKET
International Drive and Interstate 4 are both easily accessible from the property. Disney World, Universal Studios and Seaworld are also close by. With this acquisition, Lantower Residential’s portfolio currently comprises 15 multifamily communities totaling more than 4,800 units.
“The acquisition of Lantower Grande Pines enables Lantower Residential to expand its current Orlando position with a newly constructed, institutional-quality asset in one of the strongest submarkets in Orlando,” said Philippe Lapointe, COO of Lantower Residential, in prepared remarks.
Image courtesy of Lantower Grande Pines
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