Inland’s University House Ready for August Opening, Fully Pre-Leased
- Aug 21, 2012
With an opening date set for later this month, Inland American Communities Group’s University House student apartment community is now 100 percent leased.
University House, located at 3200 North Alafaya Trail at the University of Central Florida, is a five-story, 416-unit/995-bed apartment community that will provide new off-campus housing options for nearly 1,000 students. Due to its innovative design and premium amenities, the property achieved the milestone of being 100 percent pre-leased in early summer 2012. Beginning this month, the community will open and serve the students of the University of Central Florida and the surrounding areas.
The property features cutting-edge amenities, including fully furnished apartments, a fitness center, a multimedia lounge, a swimming pool with cabanas, sport courts, a putting green, tanning beds and more. Residents also will have admittance to controlled-access garage parking and the university and city shuttle systems.
“With the completion of this project on time and under budget, Inland American showed the ability to execute and develop premium student housing properties desired by students,” said J. Travis Roberts, president of IAC. “Going forward, we plan to expand our investment in this growing asset class by completing other developments, including a project scheduled to be finished next fall at California State University Fullerton, and acquiring additional purpose-built premier properties, located on or just off campus, at leading universities.”
Developer Inland American Communities Group, Inc. is a wholly owned subsidiary of Inland American Real Estate Trust, Inc., a company focused on acquiring and developing a diversified portfolio of commercial real estate located in the United States. The company also invests in joint ventures, development projects, real estate loans and marketable securities.
Image Courtesy of Inland American Communities Group, Inc.
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