On December 19th, 2018, Continental purchased 25 acres of land in Port Orange, FL to develop the Springs at Port Orange. The addition of Springs at Port Orange brings our total Florida apartment portfolio to 13 total communities, with Continental currently owning nine. Our market research and development teams are focused on continuing to leverage our success in Florida by finding new apartment development opportunities.
We are pleased to announce that Springs at McDonough has reached stabilization. Featuring 268 apartment homes, Springs at McDonough offers many amenities including a 24-hour fitness center and resident lounge, a large pool deck, and a great grilling area.