Maingate Village
Description
| Location: | Kissimmee, FL |
| Size / Units: | 357 affordable rental units |
| Use Class: | Residential |
| Description: | Reditum entered the Maingate transaction in partnership with Cornerstone Asset Management in December 2019, acquiring the 572-room hotel just outside of Orlando, Florida for conversion into Maingate Village, a complex of 357 affordable rental apartments, commercial restaurant/office space and onsite amenities. The property is located in an area of severely undersupplied rental units with a rental demand growth of 7.5% PA over the last 3 years, above the US average. |
