Key Takeaways
- • KABR Group, a New Jersey-based private equity investment firm, purchased the Broadstone Overlands apartment community in Clermont, Florida, within the Plaza Collina development for $44.5 million, according to GrowthSpotter.
- • The buyer executed a $35.6 million loan from JLL Real Estate Capital LLC to finance the acquisition.
- • The 200-unit property, developed by Arizona-based Alliance Residential Company, sold at an average of $222,500 per unit, versus the $3.66 million Alliance paid for the 10-acre site in November 2022.
- • Broadstone Overlands is the first phase of a two-phase luxury rental project; the second phase, Broadstone Collina, is planned for 296 units on 12.1 acres bought for $7 million with a $49 million Renasant Bank loan.
- • Broadstone Collina is described by Alliance managing director Bobby Anderson as the last large remaining parcel in Plaza Collina.
Summary
New Jersey-based private equity firm KABR Group recently purchased the Broadstone Overlands apartment community within Plaza Collina in Clermont, just north of State Road 50, for $44.5 million, according to GrowthSpotter. The buyer financed the deal with a $35.6 million loan from JLL Real Estate Capital LLC.
The property is the first phase of a two-phase luxury rental community developed by Alliance Residential Company, the Arizona-based developer behind its Broadstone luxury multifamily brand, established in 2001. Alliance paid $3.66 million for the 10-acre site in November 2022 and secured $35 million in construction financing from Pinnacle Bank. The developer broke ground on the 200-unit complex in January 2023 and opened it in August 2024. The sale works out to an average of $222,500 per unit. Broadstone Overlands is Alliance's 11th project in Florida.
Alliance purchased an adjacent 12.1 acres for $7 million last year to develop the second phase, Broadstone Collina, from Avanti Properties Group, master developer of the Plaza Collina mixed-use center. In December 2025, Alliance took out a $49 million loan from Renasant Bank for the land and future construction. The 296-unit second phase is expected to include a pool, full-size gym, clubhouse, dog park and direct access to the 22-mile West Orange Trail. Both phases are also adjacent to the 25.5-mile South Lake Trail. Alliance managing director Bobby Anderson described Broadstone Collina as the last large remaining parcel for the Plaza Collina development.
Nearby, Clermont City Council unanimously approved variances for the proposed Green Mountain single-family subdivision by Orlando-based Pinecastle Investment Properties, which plans 127 large lots on 123.5 acres. Pinecastle President Bob Harrell said construction will proceed concurrently across three villages. Separately, used car retailer CarMax purchased two adjacent parcels for $10.1 million last July and plans to expand its operations near State Road 50, according to the report.
The property is the first phase of a two-phase luxury rental community developed by Alliance Residential Company, the Arizona-based developer behind its Broadstone luxury multifamily brand, established in 2001. Alliance paid $3.66 million for the 10-acre site in November 2022 and secured $35 million in construction financing from Pinnacle Bank. The developer broke ground on the 200-unit complex in January 2023 and opened it in August 2024. The sale works out to an average of $222,500 per unit. Broadstone Overlands is Alliance's 11th project in Florida.
Alliance purchased an adjacent 12.1 acres for $7 million last year to develop the second phase, Broadstone Collina, from Avanti Properties Group, master developer of the Plaza Collina mixed-use center. In December 2025, Alliance took out a $49 million loan from Renasant Bank for the land and future construction. The 296-unit second phase is expected to include a pool, full-size gym, clubhouse, dog park and direct access to the 22-mile West Orange Trail. Both phases are also adjacent to the 25.5-mile South Lake Trail. Alliance managing director Bobby Anderson described Broadstone Collina as the last large remaining parcel for the Plaza Collina development.
Nearby, Clermont City Council unanimously approved variances for the proposed Green Mountain single-family subdivision by Orlando-based Pinecastle Investment Properties, which plans 127 large lots on 123.5 acres. Pinecastle President Bob Harrell said construction will proceed concurrently across three villages. Separately, used car retailer CarMax purchased two adjacent parcels for $10.1 million last July and plans to expand its operations near State Road 50, according to the report.
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