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Jan 29, 2020

Northland Snaps Up Another Florida Apartment

January 28, 2020
by John McCurry

Northland is the second largest multifamily owner and operator in Florida

SARASOTA, FL—Northland Investment Corporation has acquired The District at Rosemary, formerly Elan Rosemary, a four-story, 286-unit, mid-rise apartment community here.

The District at Rosemary is Northland’s 33rd multifamily property in Florida. This acquisition capitalized on reinvested proceeds from Northland’s sale of Iona Lakes in Fort Myers last year. The property was built in 2018, according to Northland.

Situated in a prime waterfront location along the northern edge of downtown Sarasota, the Rosemary District has a walk score of 90+, and diverse employment opportunities attract young professionals across a range of growing industry sectors including medical, finance and technology.

The District at Rosemary offers a selection of studios, one, and two-bedroom apartments with superior amenities and finishes. Residents can enjoy a resort-style swimming pool with sundeck, lounge seating, outdoor kitchen, grilling stations and dining areas, club-class fitness center offering on-demand classes and yoga studio, community clubhouse with gathering spaces including conference rooms and a chef kitchen, and media and billiards lounge. The pet-friendly community also boasts a dog park with agility course. Residences feature open floor plans, spa inspired master bathrooms, full size washers and dryers, stainless steel appliances, and select apartments offer balconies or patios. Interior finishes include French-door refrigerators, quartz countertops, modern cabinetry, and tile backsplashes.

Northland is the second largest multifamily owner and operator in Florida. The company’s portfolio includes properties in Fort Myers, Melbourne, West Palm Beach, Orlando, Boynton Beach, Bradenton, Jupiter, Plantation, Sanford, Coconut Creek, Tampa, Ocala, Indialantic, Orange City, Fort Lauderdale, Bonita Springs, and Land O’Lakes.