Northland Investment Corporation has acquired Grandeville on Saxon in Orange City, Florida. In the past six months, Northland has acquired six properties in its key markets of Florida, Texas and New England, and its portfolio now totals more than 21,000 apartment homes. With this acquisition, Northland now owns and operates 5,981 apartment homes in Florida. Grandeville on Saxon is Northland’s 21st property in Florida and will bring six new Florida-based employees, raising its total employees in Florida to 137. Located at 741 Saxon Boulevard and completed in 2005, the property includes 316 class A units in 21 buildings.
“This acquisition is emblematic of Northland’s business plan to build its presence in key markets where we can leverage our deep local expertise,” said Steven P. Rosenthal, President and CEO of Northland, noting that Grandeville on Saxon is only a short distance from Northland’s Ballantrae community in Sanford, FL. The property was acquired from its lender.
