Investment Overview

In December 2017, CGI+ purchased Cane Island, a 166-unit residential community located in the Kissimmee neighborhood of Orlando.

The community was originally built in 2007, and consists of 260 units in nine buildings built around a large man-made lake on nearly 16 acres. Upon completion, the developer sold 94 of the units as condominiums and converted the remaining 166 to rentals in order to operate them as an apartment community.

The property is well located near the major attractions in the area including Disney World, Universal Studios, SeaWorld and others. The immediate neighborhood has also seen strong economic growth with a new Dollar Tree & Aldi store recently built at the entrance to the property as well as a new 2,000-home community currently under development by Lennar just two miles away.

The property is primarily a cash flow investment, and CGI+ will continue to optimize performance through fine-tuning property operations and achieving incremental rent increases as the market matures.

Transaction Details

Property Address: 5251 Cane Island Loop, Kissimmee, FL
Acquisition Date: December 2017
Investment Type: Residential Value-Add
Asset Type: Multi-family

Size:

166 Units