One of the largest REITs in the country - Equity Residential - sold this 336-unit, institutional-quality asset in Bradenton, FL, to Andover. Historic occupancy rates at Sawgrass Cove stood at 95%, but because the asset was in need of substantial cosmetic upgrades, occupancy had fallen dramatically. As leases expire, Andover began to upgrade the units to achieve considerable rental increases and elevate occupancy levels.
These apartments in Bradenton, FL offer you brand-new features and unbelievably spacious layouts. Every one, two and three bedroom layout is equipped with a host of features. Enjoy the perfect blend of style, comfort and space while living in one of these comfortable floor plans. You also enjoy access to a host of comfortable and convenient community amenities.
Andover also performed a full upgrade and re-branding of the amenity package, including new landscaping, a fitness center, pool upgrades, leasing office renovations, and a new dog park. Additionally, a resident involvement program was implemented to strengthen the community, limit turnover, and differentiate the property amongst the competitive set.