Orlando, Fla. — Inland Real Estate Acquisitions Inc. has acquired The Retreat at Orlando, a fully developed student housing property located near the University of Central Florida (UCF) campus in Orlando, for $72.5 million.
Landmark Properties and Harrison Street Real Estate Capital LLC sold the property to Inland. Mark Cosenza, vice president of Inland Real Estate Acquisitions, facilitated the transaction on behalf of an Inland affiliate.
Located approximately two miles south of UCF, the cottage-style property was built in 2014 and is comprised of 221 units with 894 total beds. Each fully furnished unit includes a washer and dryer, a security system and high-speed Internet. The property also features a LEED-certified clubhouse with a computer lab, fitness center, yoga and Pilates studio, tanning beds and a multi-tiered resort-style pool with cabanas, hammocks and a hot tub.
Residents also have access to on-site pool tables, a golf simulator, big screen TVs, tennis courts, volleyball courts and bocce ball and grilling areas.
The Retreat at Orlando is 100 percent leased for the 2015-2016 school year. Landmark Properties will continue to manage the community on behalf of the new owner.