The Broadstone Overlands apartment community in Clermont's Plaza Collina has traded hands for $44.5 million, a sale that works out to roughly $222,500 per unit across the 200-unit property. The buyer, KABR Group, is a New Jersey-based private equity investment firm that financed the acquisition with a $35.6 million loan from JLL Real Estate Capital LLC.
Broadstone Overlands sits just north of State Road 50 and was developed by Alliance Residential Company, according to GrowthSpotter. The community opened to residents in August 2024 and marked Alliance Residential's 11th project in Florida. It was built under Broadstone, the company's luxury multifamily rental brand established in 2001.
Alliance Residential first paid $3.66 million for the 10-acre property in November 2022, then broke ground on the 200-unit complex in January 2023 after receiving $35 million in construction financing from Pinnacle Bank, per the same GrowthSpotter report. As REBusinessOnline detailed when the project opened, the finished property totals 200 units, including one-, two- and three-bedroom apartments plus eight townhomes, designed by MSA Architects with interiors by Atlanta-based Focus Design Interiors.
Amenities and Rental Rates
REBusinessOnline reported that amenities at the community include a saltwater pool, a fitness center, an outdoor kitchen and grilling stations, billiards, shuffleboard, and two dog parks with wash stations. Monthly rental rates at Broadstone Overlands range from $1,734 to $3,935, according to Apartments.com figures cited in that outlet's report.
The community was built adjacent to the 25.5-mile South Lake Trail, which runs through Clermont and Minneola near Killarney Station, the outlet's earlier groundbreaking coverage noted. That proximity to regional trail infrastructure has figured into Alliance Residential's broader plans for the surrounding Plaza Collina area.
A Second Phase Takes Shape
Broadstone Overlands represents the first phase of what is described as a two-phase luxury rental apartment community, per GrowthSpotter's reporting. Alliance Residential purchased an adjacent 12.1 acres for $7 million in December 2025 to develop the second phase, known as Broadstone Collina, buying the land from Avanti Properties Group. Renasant Bank, a Mississippi-based commercial banking company, provided Alliance Residential a $49 million loan for that land purchase and future construction.
Broadstone Collina is planned as a 296-unit luxury apartment community on the 12.1-acre site and is expected to include a pool, a full-size gym, a clubhouse, a dog park and direct access to the 22-mile West Orange Trail, which connects downtown Oakland, Winter Garden and Apopka. Bobby Anderson said Broadstone Collina represents the last large remaining parcel for Plaza Collina, according to the report.
Back at the time of the original 2023 groundbreaking, Alliance Residential had been seeking permits for a second phase envisioned with 295 units on the adjacent property, which would have featured 10 two- and three-story buildings along with a 5,674-square-foot clubhouse and resort-style pool. The current Broadstone Collina plans reflect the project as it now stands.
