Lake Forest Apartments

Lake Forest Apartments was acquired on October 13th, 2022. The property consists of 384 units, was constructed between 1985-1987.  The property has rental restrictions on 313 units (80%), 71 units (20%) are market rate. The rent restrictions remain in place until 2028, at that point the property can roll to full market rate.

Lake Forest is located in Volusia County within Deltona-Daytona Beach-Ormond Beach, FL Metropolitan Statistical Area (MSA). The MSA is located 50 miles northeast of Orlando in east-central Florida. Comprised of Volusia and Flagler counties, the metro area is home to approximately 685,344 residents and ranked among the top 15 fastest-growing midsize MSA's in 2021, according to the U.S. Census Bureau.

The city of Daytona Beach is the region's commercial and cultural hub, boasting some of the nation's most famous beaches, and the world-renowned racetrack - Daytona International Speedway. Known as a premier retirement and tourist destination, the regional economy is made up primarily of small businesses but is becoming an emerging manufacturing and technology hub.  Lake Forest is conveniently located near shopping, dining, entertainment venues, recreation centers, and universities.

Amenities:

• Two Swimming Pools
• Laundry Facility
• Tennis Court
• Fitness Center
• Club House
• Picnic Area with Barbecue