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DevelopmentFloridaNews

Joint Venture Plans 197-Unit Fellowship at Wildlight in Nassau County, Florida

by Jeff Shaw

YULEE, Fla. — The Fellowship Family and Ambling Property Investments have unveiled plans for Fellowship at Wildlight, a 197-unit seniors housing community within the master-planned community of Wildlight. The development is located in Yulee, between Jacksonville and the Georgia border. Fellowship at Wildlight will feature 24 memory care units, 48 assisted living units, 125 independent living units and six cottages on nearly 16 acres of land within the first phase of the Wildlight development. Sitework is slated to begin in 2023 with anticipated completion in 2025. Fellowship at Wildlight pre-leasing …

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CCRCDevelopmentFloridaNewsPeople

Convivial Life Appoints Lisa Cummins as Executive Director at The Cabana at Jensen Dunes in Florida

by Jeff Shaw

JENSEN BEACH, Fla. — Convivial Life has appointed Lisa Cummins as executive director at The Cabana at Jensen Dunes in Jensen Beach, on the Atlantic Coast in South Florida. She will oversee the daily operations of The Cabana and help guide the 22-acre campus into a future life plan community. Convivial Life’s plans include 170 new independent living residences, a new clubhouse and other support services that will complement The Cabana. Cummins brings over 23 years of experience in leading senior living organizations, including assisted living communities, life plan communities …

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AcquisitionsFloridaNewsSkilled Nursing

Blueprint Brokers Sale of 18-Property Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of 18 skilled nursing facilities totaling 2,185 licensed beds in Florida. A public REIT sold the assets to an East Coast-based investor for an undisclosed price. The facilities range from 60 to 180 licensed beds with geographic clusters in South Florida, along the Gulf Coast and across North Florida. During the marketing process, the portfolio maintained an average 3.5 CMS-star rating, with 10 facilities rated four or five stars. Blueprint designed a targeted campaign highlighting the impact of Florida’s …

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Affordable HousingDevelopmentFloridaNews

CREI Holdings Plans 316-Unit Affordable Housing Expansion in Sweetwater, Florida

by Jeff Shaw

SWEETWATER, Fla. — CREI has received approval from the Sweetwater City Commission to construct Li’l Abner III, an affordable seniors housing expansion in Sweetwater, a suburb west of Miami. The project will rise next to its sister buildings, Li’l Abner I and II, and add 316 units to the complex. “CREI Holdings is committed to providing affordable and workforce housing for seniors who are being squeezed out of the Miami-Dade market by skyrocketing rents,” says Raul Rodriguez, managing member of CREI Holdings. “We decided to build Li’l Abner III after …

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Affordable HousingDevelopmentFloridaNews

Related Group Completes Renovations at Affordable Robert King High Affordable Community in Miami

by Jeff Shaw

MIAMI — Miami-Dade County and the county’s Department of Public Housing and Community Development (PHCD), together with Related Group, have completed renovations at Robert King High Community Center in Miami’s Little Havana neighborhood. First built in 1964 in response to a rapid increase in senior population, Robert King High Towers was a first-of-its-kind development in the Southeast. The community features 315 affordable housing units for seniors and a 10,000-square-foot community center. The community center renovations are now fully completed, with work on the residential towers well underway. The renovation preserved …

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Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Break Ground on $44M Tucker Tower in Miami

by Jeff Shaw

MIAMI — Housing Trust Group (HTG) and AM Affordable Housing have broken ground on Tucker Tower, a $44 million affordable housing community in Miami for seniors age 62 and older. Located in the city’s Perrine neighborhood, the eight-story property’s apartments will be reserved for income-qualifying residents who earn at or below 25, 30 and 60 percent of area median income (AMI), with rents ranging from $457 to $1,317 per month. The property is scheduled to open in early 2024. The project team for Tucker Tower includes general contractor BDI Construction; …

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AcquisitionsFloridaNews

SLIB Negotiates Sale of Community in Dade City, Florida

by Jeff Shaw

DADE CITY, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community in Dade City, located between Tampa and Orlando. The property offers independent living, assisted living and memory care services. The name and number of units were not disclosed. The seller is a longstanding provider of seniors housing with a portfolio of over 30 communities. A regional operator that partnered with a private equity group focused on the seniors housing space acquired the property for an undisclosed price. Brad Clousing, Jeff Binder and …

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AcquisitionsFloridaNews

Innovation Senior Living Acquires Two Savannah Court Communities in Florida

by Jeff Shaw

HAINES CITY and LAKE WALES, Fla. — Innovation Senior Living, a middle-market operator, has acquired two Savannah Court-branded communities in Florida. The properties include Savannah Court of Haines City in Haines City and Savannah Court of Lake Wales in Lake Wales. Both municipalities are located southwest of Orlando and east of Tampa. The buyer has changed the communities’ names to The Club at Haines City and The Club at Lake Wales. The seller and price were not disclosed. This represents Innovation’s third and fourth owned and operated communities. The company …

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AcquisitionsFinanceFloridaNewsSkilled Nursing

VIUM Funds $5.4M Acquisition Loan for 60-Bed Skilled Nursing Facility in Florida

by Jeff Shaw

FLORIDA — VIUM Capital has provided a $5.4 million acquisition loan for a 60-bed skilled nursing facility in Florida. Elevation Group was the borrower, and the total purchase price was $6.8 million. The seller, name of the property and location of the property were not disclosed.

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AcquisitionsFinanceFloridaNewsSkilled Nursing

VIUM Capital Funds $61.6M Acquisition Financing for Three-Property Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — VIUM Capital has provided a $61.6 million loan for the acquisition of a three-property skilled nursing portfolio in Northeast Florida. The portfolio totals 357 beds. The financing features a potential earn-out of $6.7 million. Further details were not disclosed.

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