JLL Secures $134.255M in Tax-Exempt Bond Financing for Seniors Housing Development in Orlando

Reuters
06 May
JLL Secures $134.255M in Tax-Exempt Bond Financing for Seniors Housing Development in Orlando

Jones Lang LaSalle Inc. $(JLL)$ and HJ Sims announced the successful arrangement of $134.255 million in tax-exempt bond financing for the new Millenia Moments Orlando, a premier 261-unit seniors housing community. The project, located in Orlando, Florida, was financed through publicly offered tax-exempt senior series 2025A bonds with a final maturity of 40 years. The borrower, Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network, aims to make a significant impact in the senior living sector. Vitality Senior Living will be responsible for operating and managing the community, which will benefit from nearby amenities such as the Mall at Millenia and major theme parks. This transaction marks a key milestone for Trinity Broadcasting Network and its partners, showcasing their commitment to community development and senior living solutions.

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