Montevista at Windemere

Investment Highlights

Montevista at Windermere, 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.  Montevista at Windermere is an institutional quality asset built in 1989.  TruAmerica acquired the asset at a significant discount to replacement cost from an owner that TruAmerica has transacted with on past investments.  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.

Property Highlights

Montevista at Windermere is a 360-unit property located in the prestigious Windermere neighborhood, 5 miles southwest of downtown Orlando.  The property features an attractive unit mix of one and two-bedroom floorplans.  All of the units feature, central heat/air conditioning, patios/balconies, and walk-in closets, while select units feature vaulted ceilings.

Montevista at Windermere benefits from an outstanding location, providing residents with close proximity to employment centers, retail destinations, and highly rated Windermere schools.  Eight out of Orlando’s top 10 employers are located in the southwest Orlando submarket, including Lockheed Martin, Walt Disney World, Darden Restaurants, Orlando Health, and Universal Orlando.  Additionally, the world-class Mall at Millenia, an upscale indoor shopping center with over 1 million square feet of retail space is just 10 minutes away.

Amenities

  • Resort-Style Pool with Cabanas
  • Wooden Poolside Sundeck
  • Screened Lanai with Lounge Furniture
  • Internet Café with Coffee Bar
  • 24-Hour Fitness Center
  • Clubhouse
  • Community BBQ Areas
  • Lighted Tennis Court
  • Dog Park with Agility Equipment
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