ÉLAN BUENA VISTA
FUND EQUITY (MM)
TOTAL PROJECT COST (MM)
The Villages, FL
Élan Buena Vista is an assisted living and memory care community. As a result of a management change at the community, TDREFI had the opportunity to purchase 10% of the project's total equity at a discount. This is a unique opportunity to invest in senior living without the development risk. This project is expected to generate cash flow and outsized returns due to the attractive purchase price.
The independent living portion of the community includes a pool, spa/beauty salon, theater, bar area, arts and crafts room, bistro with outdoor dining area, exercise room, outdoor entertainment area and wellness center. Assisted living and memory care is connected to the independent living building.
The central location provides access to everything that residents and their families have come to expect from The Villages® such as outstanding shopping, restaurants, golf, and other services. Lake Sumter Landing™ Town Square is less than a ten-minute drive away and the Spanish Springs™ Town Square is less than fifteen minutes northeast.
The Villages, Florida is the largest 55+ masterplan development in the country with over 110,000 residents.