ÉLAN SPANISH SPRINGS
FUND EQUITY (MM)
TOTAL PROJECT COST (MM)
The Villages, FL
Élan Spanish Springs is a fully stabilized 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.
Amenities include a wellness program, media theatre, fitness studio, fine dining, activity programs and day trips.
The Villages, Florida is the largest 55+ masterplan development in the country with over 110,000 residents. It has continued to grow for over 50 years under the guidance of the Morse Family. They continue to redefine retirement living by offering the best in homes, lifestyle and amenities for their residents.
Three town squares feature nightly entertainment, movie theaters, as well as a multitude of shopping and dining opportunities.