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Trinity Community Development Foundation Secures Financing for Millenia Moments Orlando

The future site of Millenia Moments Orlando, aiming to provide quality living for seniors.

News Summary

The Trinity Community Development Foundation has secured $134.25 million in financing to develop Millenia Moments Orlando, a new senior living community. Set to be completed by 2027, it will feature 261 units across three buildings, catering to independent and assisted living, as well as memory care. Vitality Senior Living will manage the facility, which aims to enrich seniors’ lives with various amenities and services. Located near key resources, this development represents a significant addition to the Orlando area.

Orlando

The Trinity Community Development Foundation (TCDF), a nonprofit affiliated with Texas-based Trinity Broadcasting Network (TBN), has secured $134.25 million in financing for a new senior living community called Millenia Moments Orlando. The community is projected to be completed by 2027 and will feature a total of 261 units designed for various levels of care.

Details of the Community

Millenia Moments Orlando will be constructed on a 10.5-acre site located at 4550 Vineland Road, conveniently situated near the Mall at Millenia. The community will consist of three buildings catering to different needs:

The largest building will encompass four stories, providing 151 independent living apartments.
The three-story assisted living facility will offer 78 apartments in one- and two-bedroom configurations.
The smallest two-story building will include 32 memory care units, consisting of 26 private and six companion units.

Financing and Development

The financing for Millenia Moments Orlando was arranged by JLL in collaboration with JLL Capital Markets’ team and HJ Sims, making it possible to fund the project through publicly offered tax-exempt senior series 2025A bonds, with a final maturity of 40 years. The Florida Housing Finance Corporation provides low-interest loans for affordable multifamily housing developments utilizing tax-exempt bond financing, which plays a vital role in this initiative.

Management and Operations

Vitality Senior Living will operate Millenia Moments Orlando once construction is complete. The facility aims to promote a service-enriched environment focusing on seniors’ independence, dignity, and wellbeing. To this end, the community will offer a range of amenities including:

Multiple dining venues
A gym and wellness programs
A library
A business center
A theatre
An art studio
Game rooms
A beauty salon
A dog park
An outdoor pool area

Comprehensive Resident Services

In addition to its amenities, the community will provide various resident services that aim to enhance the day-to-day experience for its residents. These services will include transportation, housekeeping, concierge services, and VIP concierge medical programming.

Location and Background

The site for Millenia Moments Orlando was acquired by TBN in 2007 for $10.66 million. It was previously home to the Holy Land Experience, which closed its doors in 2020. The new development is also strategically located across from AdventHealth Millenia ER, a 19,000-square-foot emergency facility that commenced operations the previous year. With these neighboring resources, the community will be well-positioned to support the health and wellbeing of its residents.

Conclusion

With the planned construction of Millenia Moments Orlando, TBN and TCDF are advancing their mission to create a nurturing environment for seniors. As the project progresses towards its anticipated 2027 completion, it promises to be a significant addition to the Orlando area, providing essential services and quality living options for the aging population.