The complex, built in 2004, offers one-, two- and three-bedroom apartment homes. Amenities include a clubhouse, pool, playground, fitness center, and two-mile running trail. Hercules Living will be managing Grande Court at Boggy Creek.
"The Central Florida market is growing rapidly in population and employment and we are excited to have our first community in the market," said Jason Loftis, president of Hercules Living.
Hercules Real Estate Services specializes in acquisition and management of affordable housing properties. The firm started in 1995 with seven properties and now owns and manages more than 8,000 multi-family units in 40 communities. Grande Court is the firm's second Florida asset.
Hercules assumed an existing $13.8 million mortgage from the previous owner, and received a second $7.16 million balloon mortgage from Fannie Mae via Citibank.