CanAm Closes on $6M Equity Investment for Adult Community in Port St. Lucie
The private equity affiliate of CanAm Enterprises, CanAm Capital Partners has fully funded its $6 million third-party equity investment into an affiliate of Lloyd Jones, LLC for the construction of a 159-unit, active adult and independent living rental community. The property, which is located on a 10-acre site in Port St. Lucie, FL, will operate under Lloyd Jones’ proprietary Aviva brand as Aviva, Port St. Lucie.
The equity investment follows a $10 million mezzanine loan that CanAm previously funded into the project. City National Bank provided senior construction financing for the $50 million project.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.