Omega Communities Completes Financing For Cypress Point Senior Living In Fort Myers, FL
BIRMINGHAM, AL–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.
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.