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Fortress Investment Group Secures $38M for Senior Living Community in ChampionsGate
Fortress Investment Group has secured $37.6 million in financing arranged by JLL for The Glades at ChampionsGates, a 223-unit senior living community in the Orlando suburb of ChampionsGate, FL.
Alanna Ellis, Allison Holland, Billy Lichtenstein and Zach Brantley of JLL worked on behalf of the borrower, Fortress Investment Group, to secure the four-year, floating-rate non-recourse loan through MidCap Financial Services.
The Glades at ChampionsGates offers independent living, assisted living and memory care units. Community amenities include outdoor courtyards and patios, a swimming pool, movie theater, activity room, fitness center, salon, bar and bistro and casual, main and private dining rooms. The property sits on 11.6 acres within the 1,500-acre master planned community of ChampionsGate, which is home to the well-known Omni Resort, high-end golf courses and numerous retail and dining venues.
The Glades at ChampionsGates is situated roughly 20 miles southeast of the Orlando CBD and 60 miles northeast of Tampa
- ◦Financing
