Investment Highlights
The Edge at Lake Lotus represents TruAmerica’s eleventh investment in the Orlando MSA and third in Altamonte Springs, Orlando’s preeminent live-work-play submarket. Nearby employment is concentrated in healthcare and professional/business services. Maitland Center, situated just a 5-minute drive away, boasts 7 million square feet of class A office space and is home to Digital Risk, EA-Tiburon, Charles Schwab, ADP, FedEx, CAN, and Fidelity. The Lake Mary/Heathrow office market is located 15 minutes north of the Property along I-4 and features white-collar employers such as Verizon, AAA, Spring, Mitsubishi-Hitachi, Deloitte, and JP Morgan Chase. Finally, the corporate headquarters of Avent Health (2,500 employees) is located just 3 minutes from the Property.
TruAmerica plans to fully renovate the remaining classic homes while making select, accretive upgrades to the exteriors and amenity spaces.
Property Highlights
The 168-unit property was built in 1987. The Community features large floorplans averaging 955 square feet with an attractive mix of one, two, and three-bedroom floorplans. Each home features walk-in closets and a sunroom with vaulted ceilings in the homes on the upper floors. Upgrades to the apartment interiors in the remaining classic homes will include stainless steel appliances, vinyl flooring, stone countertops with undermount sinks, new cabinet fronts and pulls, tile backsplashes, as well as installation of washers and dryers in the remaining units.
Potential amenity enhancements and upgrades include selectively upgrading the fitness center and adding new furnishings at the pool. Furthermore, painting the exterior and improving the landscaping will enhance the overall image of the Property.
Community Amenities
• Fitness Center
• Outdoor Bocce Ball Court
• Outdoor Lounge with Fire Pit
• Swimming Pool
• Fitness Trails
• Pet Park
• Gorgeous Lake Views
• BBQ & Grilling Station
