New Community Near Orlando Kicks Off $1.1 B Five-Year Investment Backed By Piper Jaffray, Orix UNITED STATE
An advancement partnership headed by Tampa, FL-based senior care facilities operator Validus Senior Living will begin this week on the first of a planned 33 assisted living and memory care communities throughout the U.S. that will offer look after previous NFL players.
Validus Senior Living, designer Mark Bouldin and effort bank Piper Jaffray are preparing to invest $1.1 billion dollars over the next five years to develop the neighborhoods in significant cities with high concentrations of retired NFL players. The effort has the endorsement of the NFL Alumni Association, which will certainly offer marketing support under a strategic alliance with the developers.
Validus will certainly break ground on first center, to be located at 1061 Tomyn Blvd. in Ocoee, FL, near Orlando, on July 16. Numerous retired NFL Hall of Famers have been invited to the ceremony, Hall of Popularity defensive end Jack Youngblood, a member of the “Fearsome Foursome” protective line of the L.a Rams groups of the late 1960s and early 1970s; San Diego Chargers tight end Kellen Winslow, and All-Pro Miami Dolphins center Dwight Stephenson.
The 124-unit assisted living and memory care neighborhood, expected to open in summer of 2016 under Validus’s Inspired Living brand, will have bed ability for 158 homeowners and include a swimming pool, boardwalk, canine park, putting green and other amenities. Also taking part in the construction financing is Dallas-based monetary firm Orix USA.
According to data launched in 2013 by the NFL and the NFL Players Association as part of a lawsuit by former gamer, nearly 30 % of NFL players will establish Alzheimer’s disease or some other dementia-related brain condition, twice as high as the general population.
The strategic alliance with the developers focuses on providing a better way of living for retired NFL players who need assisted living and memory care services, says Joe Pisarcik, President and CEO of the NFLAA.
“With an aging population and more and more Americans requiring memory care services, consisting of some former NFL players, we wish to provide our members an alternative that we can stand behind,” Pisarcik stated.
Brad Winges, head of Piper Jaffray Fixed Income Services, said the need for memory and senior care services is growing across the united state
“This partnership is a terrific step toward satisfying that requirement,” he said.
Validus Senior Care is an affiliate of Validus Group, a Tampa-based effort company that acquires, develops and leases industrial, office and retail apartments. The firm is likewise associated with Carter Validus Objective Important REIT I and Carter Validus Objective Critical REIT II, concentrated on information center and healthcare equipments.