Watercrest Senior Living Group has announced its latest senior living development project, and a brand-new partnership too with United Properties. The joint venture plans to break ground this Fall on a 128-unit luxury assisted living/memory care community in Naples, Florida, with an expected opening in early 2019. United Properties has already purchased the property and is entering the Florida market with this project, after developing 15 seniors housing communities in the Minneapolis, Minnesota and Denver, Colorado areas. Watercrest, on the other hand, is well versed in the Florida seniors housing market, having opened communities in Lake Nona, Sebastian, Jacksonville and Viera, so far. The company has several more properties under development in Florida and will soon move north to the Georgia and South Carolina markets. (see our previous story on Watercrest’s development pipeline). Naples has become a popular destination for seniors housing developers in the last few years. Let’s hope not too popular.
Watercrest Partners With United Properties In Latest Development
