BIRMINGHAM, Ala., May 11, 2016 /PRNewswire/ -- Omega Communities announced the completion of its financing for the development and construction of Cypress Point Senior Living in Fort Myers, Florida. The senior financing and a portion of the equity for the community was provided by HJ Sims.
Cypress Point is located at the intersection of Daniels Parkway and Six Mile Cypress Parkway in Fort Myers. The property is adjacent to the Minnesota Twins spring training facility, as well as Gulf Coast Hospital. The area has seen significant growth over the past few years, and new commercial, retail and residential development have continued to expand. Cypress Point will house a total of 140 beds for assisted living and memory care residents. Construction of the community is underway, and completion is expected in the summer of 2017.
Omega Communities opened two additional communities in the past several months in North Port and Sarasota Florida: The Springs at South Biscayne and The Fountains of Hope respectively. Omega Communities will have a total of almost 400 beds across the three communities in southwest Florida upon completion of the Cypress Point development. Omega will have over 500 beds in service when Cypress Point opens next year. All of Omega Communities' properties are rental and do not require significant entrance fee payments.
ABOUT OMEGA COMMUNITIES: Omega Communities is a faith-based for profit senior living developer that partners with local faith based organizations through affinity agreements that provide an enhanced level of community between the residents of its communities and the membership of the faith based organization. Omega has announced additional projects in Lady Lake, Florida and McDonough, Georgia so far this year and expects to announce an additional project in Florida later this month.
ABOUT HJ SIMS: Founded in 1935 on Wall Street, HJ Sims is celebrating 80 years of service as a privately held investment bank and broker-dealer with approximately $1.8 billion of assets under management. HJ Sims is known as one of the country's oldest underwriters of tax-exempt and taxable bonds, having raised approximately $21 billion for projects throughout the US. The firm is headquartered in Fairfield, Connecticut, with investment banking, private client wealth management and trading offices in Maryland, Florida, Minnesota, New Jersey, Pennsylvania, Texas and Puerto Rico. For more information, please visit: www.hjsims.com. Member FINRA/SIPC®. Follow HJ Sims on Facebook, LinkedIn, Twitter and Vimeo.
For More Information:
Jimmy Taylor, Jr.
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SOURCE Omega Communities