WILDLIGHT, Fla. — BLDG Real Estate, LLC (“BLDG”) and The Fellowship Family announced the successful closing of financing for Fellowship Wildlight, a $100 million, 205-unit senior housing development located within the Wildlight master-planned community in Wildlight, Florida.
This financing milestone marks a significant step forward for the project, which will include 125 independent living units, eight active adult cottages, 48 assisted living units, and 24 memory care units designed to serve the growing demand for senior housing in Northeast Florida.
The project is being developed through a joint venture between BLDG and The Fellowship Family, two Valdosta, Georgia-based companies focused on expanding senior housing throughout Georgia and North Florida.
“Closing this financing represents a major achievement for our team and a strong vote of confidence from our financial partners,” said Kevin King, Chief Executive Officer of BLDG Real Estate. “We are grateful for the support of our lending and investment partners who share our vision for delivering a best-in-class senior living community within one of the Southeast’s most dynamic growth markets.”
Fellowship Wildlight is situated within Wildlight, a 24,000-acre master-planned community developed by Raydient Places + Properties. Located just north of Jacksonville, the Wildlight community features residential neighborhoods, medical campuses, and retail destinations with direct access to I-95, Amelia Island, and Jacksonville International Airport.
With financing secured and Elkins Construction mobilizing for construction, Fellowship Wildlight is positioned to become a premier senior living destination in Northeast Florida while addressing the region’s growing need for high-quality independent living, assisted living, and memory care housing.
The project team includes Stewart & Conners (Architect), Elkins Construction (General Contractor), England-Thims Miller (Civil Engineer/Landscape Architecture), and Niles Bolton Associates (Interior Designer).
The financing team includes Peachtree Group, Florida Development Finance Corporation, Farmers & Merchants Bank, Greystone & Co. II LLC, and primary equity partners Promus Realty, the real estate investment platform of Promus Capital Management, and Turbine Capital.
About BLDG Real Estate
BLDG Real Estate, LLC is a vertically integrated real estate development firm specializing in design, development, and asset execution across multiple product types. The firm provides comprehensive development capabilities, including market analysis, capital structuring, construction oversight, and long-term asset management. Learn more at https://bldgre.com/
About The Fellowship Family
Fellowship Family is a multi-generational senior housing owner and operator serving communities throughout the Southeast. Its integrated operating platform includes independent living, assisted living, memory care, and active adult communities designed to deliver exceptional care and quality of life for residents. Learn more at https://thefellowshipfamily.com/
