After years of careful planning, design, and entitlement work in collaboration with the City of Port St. Lucie, construction on the Aviva Port St. Lucie project is now officially underway. AVIVA Port St. Lucie is a 159-unit, resort-style active adult and independent living complex on Florida’s Treasure Coast with an expected completion date of Spring 2023.
“Our entry into Port St. Lucie comes at a time when there is an increased demand for more upscale senior living communities in the area,” said Chris Finlay, Chairman & CEO of Lloyd Jones, in a press release. “Lloyd Jones has successfully invested in and operated multifamily and senior housing real estate for four decades. We look forward to bridging this experience with our AVIVA collection to provide seniors with an incomparable living experience, combined with the latest amenities, services and level of care that are expected of a world-class senior living community.”
CACP has fully funded $6 million third-party equity and a $10 million mezzanine loan last year for the construction of the AVIVA project.
“We are glad to see construction of the AVIVA Port St. Lucie project progressing on schedule. The project was an ideal fit for CanAm and our investors and in line with our conservative underwriting standards,” said John Reid, Director of Project Development at CACP. “We believe the asset quality, location and the demand dynamics in the Port St. Lucie market to be truly compelling and are pleased to be partnering with Lloyd Jones on this project,” added Reid.
With 35 years of experience sourcing, underwriting and promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record, and a reputation of credibility and trust. CanAm has financed more than 60 projects and raised more than $3 billion of EB-5 capital. To date, more than $2 billion of EB-5 capital from more than 4,000 investor-families has been repaid by CanAm sponsored Regional Center Partnerships. CanAm exclusively operates seven USCIS-designated regional centers that are located in the City of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan regions of New York and New Jersey, and the states of California, Hawaii, Florida, and Texas.
For more information, please visit www.canamenterprises.com.