JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ Seniors Housing team, arranged $134.26 million of senior series 2025A bonds for a seniors housing community that will be built in Orlando, Florida. The publicly offered, tax-exempt financing has a final maturity of 40 years. Greg Fawcett of JLL Securities, Aaron Rulnick, Kerry Lewandowski and Brady Johnson of HJ Sims, and Alanna Ellis and Timothy Hosmer of JLL Capital Markets’ Seniors Housing team originated the financing.
The borrower was Trinity Community Development Foundation, a not-for-profit entity formed by Trinity Broadcasting Network. This transaction marked the start-up senior living enterprise’s entrance into the seniors housing sector, and it is their first public finance transaction. Vitality Senior Living will operate the community.
Anticipated for completion in 2027, Millenia Moments Orlando will feature 151 independent living, 78 assisted living and 32 memory care units. Floor plans will be available in one- and two-bedroom layouts and the memory care component will have 26 private and six companion units. The 316,900-square-foot community will offer a full array of amenities and services, and will operate as a rental model. It is set directly across from the new 14-acre Advent Medical Center, which has a 160-bed hospital, medical office building and emergency clinic.
