|Number of units||379|
Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire Falcon Square at Independence (the “Property”), a 379-unit, 3-story garden style community located in the Orlando MSA’s most desirable submarket, in the heart of one of the nation’s fastest growing master-planned communities, Horizon West. The Property, comprised of 11 concrete block buildings complete with garages and average unit sizes of 1,122 square feet, offers residents a spacious, yet cozy neighborhood feel and an expansive community amenity package, complete with Basketball Courts, Tennis Courts, Fitness Center and a Resort Style Pool. Falcon Square’s unbeatable location in Horizon West, allows for convenient access to top-tier schools, outstanding lifestyle & retail centers and immediate accessibility to State Road 429, which provides superior freeway connectivity throughout the Orlando MSA.
Completed in 2008, Falcon Square presents a compelling opportunity for new ownership to further implement a renovation program beyond the previous moderate upgrades and to apply rent premiums that are easily supported by the submarket’s strong performance in multi-housing fundamentals. As the Submarket’s rent ceiling continues to be redefined, Falcon Square offers investors strong upside potential via rent growth evidenced by the property’s recent lease trade outs averaging in the mid-teens.
- Compelling Value-Add Opportunity
- Unique Concrete Block Construction
- Significant Rent Growth Upside
- Superior Horizon West location
- Excellent Quality of Life with Convenient Access to Employment & Demand Drivers
- Outstanding Multi-Housing Market Fundamentals