JLL Capital Markets arranges $38 million financing for The Glades at ChampionsGate, FL for Fortress Investment Group

 

 Alanna Ellis

 

 ORLANDO, FL,  Aug. 29, 2022 – JLL Capital Markets has arranged $37.75 million in financing for The Glades at ChampionsGates, a luxury 223-unit senior living community in the Orlando suburb of ChampionsGate, Florida.

Allison Holland 

JLL worked on behalf of the borrower, Fortress Investment Group, to secure the four-year, floating-rate non-recourse loan through MidCap Financial Services.   

 

The JLL Capital Markets team representing the borrower was led by Director Alanna Ellis, Managing Director Allison Holland with support from Associate Billy Lichtenstein and Analyst Zach Brantley.

William A. (Billy)
Lichtenstein

“We appreciated the opportunity to work with Fortress on this important financing. JLL greatly values our firm-wide relationships with Fortress and continued partnership in the growth of their Seniors portfolio," said Ellis.

 

 "We look forward to this community’s success as a great addition to Fortress’s portfolio."

 

The Glades at ChampionsGates offers independent living, assisted living and memory care units.

Zach Brantley

The property consists of one- and two-bedroom units ranging from 627 to 1,060 square feet. Community amenities include outdoor courtyards and patios, a swimming pool, movie theater, activity room, fitness center, salon, bar and bistro and casual, main and private dining rooms.

 

The property is located at 8400 Champions Gate Blvd. on 11.6 acres within the 1,500-acre master planned community of ChampionsGate, which is home to the well-known Omni Resort, high-end golf courses and numerous retail and dining venues.

 

 The Glades at ChampionsGates is situated roughly 20 miles southeast of the Orlando CBD and 60 miles northeast of Tampa, in addition, Interstate 4 is less than half a mile away providing access to the rest of the state.

The Glades at ChampionsGates,
a luxury 223-unit senior living community
in the Orlando suburb of ChampionsGate, FL

 The community benefits from the tremendous growth in population the Orlando MSA has seen in recent years, with a 5-6% annual growth rate projected through 2027 for all cohorts, along with 12.5% annual growth for the 75+ population.

 

 Additionally, the area has seen an influx of businesses and residents migrating from high cost of living markets seeking the low cost of living and taxes Florida offers. The influx of wealthier adult children is a prime demand driver of seniors in need of independent and assisted living.

 

Contact: 

 

Cierra Lacasse

JLL Associate

Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com