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WATERCREST OF COLUMBIA

Approved 10/30/2017

Senior Living

LOCATION
START DATE
COMPLETION DATE
FUND EQUITY (MM)
TOTAL PROJECT COST (MM)
% COMPLETE
Columbia, SC
Q1 2018
Q2 2019
$9.4
$29.8
100

Watercrest of Columbia represents the first opportunistic project for the Fund.

 

Watercrest Senior Living will act as developer and operator for this community. The Watercrest team has over 20 years of experience in the senior living industry. The population is expected to grow in this area by approximately seven percent over the next five years; approximately three percent higher than the projected national growth rate. 

By partnering with Watercrest, TDREF I leverages Watercrest’s three primary strengths: local knowledge, experience, and a previously completed underwriting process that will increase speed to market and reduce costs.

October 2019
October 2019

October 2019
October 2019

February 2018
February 2018

October 2019
October 2019

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