Canterbury Cove (f/k/a ARIUM Falcon Pines) represents the Company’s fifth investment in the state of Florida and third investment in the Orlando MSA. Apartment fundamentals in Orlando remain strong as the MSA continues to lead the nation in job growth and population growth. Prior ownership completed modest interior renovations to a portion of the apartment homes. TruAmerica plans to expand upon this proven value-add concept by upgrading the remaining apartment homes to a more modern finish while making targeted improvements to select common areas and amenity spaces.
Canterbury Cove is a 300-unit property built in 2006 and located in Orlando, FL. The property is of concrete block construction with large floorplans averaging 1,026 square feet. All apartments include full-size washers and dryers within the homes and feature central air conditioning, microwaves, and spacious walk-in closets. The property also features a broad array of community amenities that include: a swimming pool with sundeck, a fitness center, an outdoor kitchen and BBQ areas, a car care center, a playground, a walking trail, a dog park, and a clubhouse with a business center and game room.
Canterbury Cove is conveniently located in East Orlando along S.R. 417, offering easy access to some of Orlando’s top employment centers and local demand drivers. The Property is less than 1-mile from a Publix-anchored shopping center. Waterford Lakes Town Center, an open-air shopping center with 1 million square feet of upscale retail and dining, is located 10 minutes northeast of the property. East Orlando’s three largest employment centers, Lake Nona’s Medical City, Central Florida Research Park, and the University of Central Florida, are all within a 15-minute drive. The Property provides convenient access to Orlando International Airport, located 15 minutes to the southwest. Canterbury Cove also benefits from a highly rated public school system, an attractive draw given the property’s larger floor plans.
- Swimming Pool with Expansive Sundeck
- Outdoor Kitchen and Grill
- Fitness Studio
- Car Care Center
- Walking Trail
- Dog Park
- Game Room and Lounge Area
- Business Center
- Picnic and BBQ Areas