Northland Investment Corporation has announced the acquisition of The District at Rosemary, formerly Elan Rosemary, a four-story, 286-unit, mid-rise apartment community in Sarasota’s Rosemary District. The apartments offer a selection of studios, one- and two-bedroom residences that feature open floor plans, quartz countertops, full-size washers and dryers, stainless steel appliances and balconies or patios in certain apartments. including a resort-style swimming pool with sundeck, lounge seating, outdoor kitchen, grilling stations and dining areas, fitness center and yoga studio, community clubhouse, media and billiards lounge, and a dog park with agility course.
The District at Rosemary is Northland’s 33rd multifamily property in Florida; the company closed 2019 with more than $1 billion in capital transactions and $500 million in total acquisitions in cities including Tucson, Albuquerque, Boynton Beach, Charleston and Charlotte. It's the second-largest multifamily owner and operator in Florida, with $6 billion in assets under management and 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.