Investment Highlights
Alcove represents TruAmerica’s 13th investment in the Orlando MSA. Alcove is situated with direct access to each of the property’s major employment opportunities by way of International Drive and the Orange-Seminole County Line via the Central Florida Greenway. More locally, Alcove provides a wide array of retail and restaurants within three miles, including the Express Factory Outlet and Orlando Vineland Premium Outlets, offering a combined two hundred stores. Moreover, the property offers unique access to a myriad of unique amenities within 10 miles of the property, including Walt Disney World Resort, Universal Studios, and Sea World.
Fannie Mae projects Orlando job growth of 3.4% annually through 2025, far above the national average of 1.7%. Orlando’s employment growth is bolstered by growing corporations like Verizon, AAA, Mitsubishi-Hitachi, Deloitte, and JP Morgan Chase as well as an expansive healthcare industry.
Property Highlights
Alcove was built in 2016 and consists of studios, 1-, 2-, and 3-bedroom floor plans. All units were developed in 2016 to a modern scope including designer cabinetry, granite countertops with undermount sinks, and vinyl plank flooring. The business plan includes improved operating efficiencies and select refreshment of the property exteriors, including pool deck and furniture replacement, exterior paint over the hold, and landscaping and tree trimming upgrades.
Community Amenities
