JLL Capital Markets leads sales efforts for Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, three seniors housing communities in The Villages, FL and Winter Park, FL

                Rendering of The Villages student housing in The Villages, FL

 ORLANDO, FL –  JLL Capital Markets has closed the portfolio sale of Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, seniors housing communities totaling 416 units in The Villages and Winter Park, Florida. The prices were not disclosed.

 JLL’s Seniors Housing Capital Markets team represented the seller, Titan Development, in the sale of the properties to AEW Capital Management. The buyer retained the current operator, Watercrest Senior Living, as the third-party operator. JLL is also handling the acquisition financing on two of the assets for the buyer, which will close in January 2025.

 

Two of the properties are positioned within The Villages, the largest age-restricted, master-planned community in the U.S., located approximately 45 miles northwest of Orlando. The Villages is home to more than 80,000 residents over the age of 65 and has been one of the fastest growing metros in the entire U.S. for the last decade.

Watercrest Buena Vistal at The Villages, FL

Completed in 2018, Watercrest Buena Vista offers 224 units in a three-story, Class A building. The community uses the continuum of care model offering a mix of 118 independent living, 74 assisted living and 32 memory care units to age in place. Watercrest Buena Vista also offers residents a full amenity package with underground parking, a heated pool, fitness center, salon, media room, bistro and bar and a golf cart charging station.

Watercrest Spanish Springs 

Watercrest Spanish Springs opened in 2016 and consists of 86 assisted living and memory care units. The three-story property features a variety of amenities, including restaurant-style dining, social gathering areas, salon services, dynamic programming and activities and wellness and exercise programs.

 

The third property in the portfolio is Watercrest Winter Park, a 106-unit assisted living and memory care community located in the affluent Orlando submarket of Winter Park.  Built in 2019, the community features high end amenities, attracting some of the strongest rents in its market. 

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

Contact:

 Kristen Murphy

JLL Director

Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com

 

www.aew.com.

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