Highpoint Club, TruAmerica’s second acquisition of 2017, was acquired as part of a 2-property portfolio in Orlando. The transaction represents TruAmerica’s first investment in Florida and second acquisition of 2017. Highpoint Club is a well-located institutional quality asset built in 1994 featuring concrete block construction. TruAmerica acquired the asset at a significant discount to replacement cost from an owner that TruAmerica has previously transacted with. The previous owner has completed targeted improvements to common areas and amenity spaces and minor interior upgrades in select units, leaving all units in need of further upgrades with the potential to achieve healthy renovation premiums.
Highpoint Club is a 348-unit property located 10 miles east of downtown Orlando in the Waterford Lakes neighborhood. The property features an attractive unit mix of one and two-bedroom direct-entry units, a unique feature among the competitive set. All of the units feature full-size washers/dryers, central heat/air conditioning, sunrooms, and walk-in closets.
Highpoint Club’s outstanding location provides residents with easy access to employment and entertainment centers throughout Orlando. The property is located just one mile from the Waterford Lakes Town Center, an open-air shopping center anchored by a Super Target and featuring a diverse array of retailers and restaurants. The Central Florida Research Park is 10 minutes northwest of the property and boasts employers such as Lockheed Martin, Boeing, Apple, Raytheon, Northrup Grumman, and Siemens. The University of Central Florida, the second-largest university in the US, is also just three miles from the property.
- Resort-Inspired Pool with Spa
- 24-Hour Fitness Center
- Community BBQ Areas
- Lighted Sports Court
- Fishing Dock with Seating and Fireplace
- Dog Park