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Dec 28, 2015

Northland Continues Florida Expansion with 392-unit Property

Acquired Yacht Club at Heritage Harbour in Bradenton

NEWTON, Mass. (December 28, 2015) – Capping off another year of growth, Northland Investment Corporation acquired the Class A 392-unit Yacht Club at Heritage Harbour in Bradenton, Florida. Northland acquired 7 other properties in Florida in the past 12 months and expanded its national portfolio to include more than 22,770 apartment homes and two million square feet of commercial space. With the addition of Yacht Club at Heritage Harbour, Northland now owns and operates 24 communities in Florida with 7,020 homes.

“Northland is pleased to include Yacht Club at Heritage Harbour in our Florida portfolio,” said Larry Gottesdiener, Chairman and Chief Executive Officer of Northland. “As we expand, we are developing more insight into the various communities in Florida and are able to leverage our knowledge to provide the best living experiences possible for our residents.”

Completed in 2007, Yacht Club at Heritage Harbour (www.yachtclubapartment important offers  apartment homes averaging 1,505 square feet in a resort-like setting.

In addition to Yacht Club at Heritage Harbour, Northland’s recent acquisitions in Florida include: Cypress Legends in Fort Myers, Floresta in Jupiter, Bay Breeze in Fort Myers, Lakeside at Greenboro in Melbourne, Cypress Shores in Coconut Creek, Village Place in West Palm Beach, and Grandeville on Saxon in Orange City.