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WATERCREST WINTER PARK

Approved 5/14/2018

Senior Living

LOCATION
START DATE
COMPLETION DATE
FUND EQUITY (MM)
TOTAL PROJECT COST (MM)
% COMPLETE
Winter Park, FL
Q2 2018
Q4 2019
$8.4
$35.1
100

Watercrest Winter Park represents the second 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 approximately 4% higher than the projected national growth rate. 

 

The assisted living common area includes a salon, bar area, private dining, community dining, children’s play area, therapy room and an exterior fountain and outdoor pool. The memory care common area incorporates the Market Street concept with a family room, salon, bakery and public dining area.

TDREF I leverages Watercrest's three primary strengths: local knowledge, an experienced operator, and a previously completed underwriting process that will increase speed to market and reduce costs.

December 2019
December 2019

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December 2019
December 2019

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August 2018
August 2018

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December 2019
December 2019

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