Watercrest Senior Living Group and Partners Announce the Groundbreaking of Watercrest Macon Assisted Living and Memory Care
VERO BEACH, Fla., May 18, 2020 /PRNewswire/ -- Watercrest Senior Living Group and equity partners, Peninsula Alternative Real Estate, and Corecam Capital Partners are pleased to announce the groundbreaking of Watercrest Macon Assisted Living and Memory Care in Macon, Georgia. The 98-unit, upscale senior living community, financed by Renasant Bank and under construction by EMJ Corporation, is scheduled to welcome residents in Summer 2021.
"Partnering with both Peninsula and Corecam offers a unique opportunity to develop an exceptional senior living community in the charming city of Macon," says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. "We look forward to developing relationships within the growing community and providing the seniors of Macon the diverse and enriching lifestyle they deserve."
Watercrest Macon will feature 76 assisted living and 22 memory care residences with resort-style service, extraordinary care and premium accommodations. The comfortably, classy design includes a stunning promenade, fireplace, signature water wall, salon and spa, multiple dining venues and Southern style outdoor living spaces.
"Watercrest not only develops beautiful buildings, but serves with the highest levels of culture, training and engagement," says Juan Fernando Valdivieso, Managing Director of Peninsula. "We are honored to partner in the development of Watercrest Macon in offering these seniors and families the highest quality of senior living."
Watercrest Macon is ideally located at 111 Providence Boulevard in the thriving Providence at Bass development. The prosperous area offers high-end residential, plentiful retail and dining establishments, as well as diverse cultural and entertainment venues, all encompassed by the Southern charm of Macon.
"Corecam entered the U.S. senior housing market two years ago seeking a partner with operational expertise, excellence in care, and a true appreciation for our seniors, and we are thrilled to have found this in our partnership with Watercrest," says Maximilian Hönigsmann, Managing Partner of Corecam Capital Partners. "We look forward to the development of Watercrest Macon and our future partnerships with Watercrest."
Corecam Capital Partners is the direct investments arm of the Corecam Investment Group, an independent and partner-owned Family Office for global entrepreneurs and their families. Founded in 2009, the group has around 50 employees in Singapore and Zurich. Corecam Capital Partners provides investors with access to regular dealflow of privately sourced and inhouse structured investments through its direct investment platform. The investment focus lies in Real Estate, Private Equity and Private Lending.
Peninsula Alternative Real Estate ("PARE") is a leading private equity firm in the Student & Senior housing space and a vertical within Peninsula Investments Group. PARE provides equity and mezzanine financing to leading developer-operators following institutional quality processes developed over the last decade.
Watercrest Senior Living Group was founded by Marc Vorkapich, CEO, and Joan Williams, CFO, to honor our mothers and fathers, aspiring to become a beacon for quality in senior living by surpassing standards of care, service and associate training. Watercrest senior living communities are recognized for their luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming offering unparalleled service to seniors living with Alzheimer's and dementia.
A certified Great Place to Work, Watercrest Senior Living Group specializes in the development and operations of assisted living and memory care communities and the growth of servant leaders. For information, visit www.watercrestseniorliving.com.
SOURCE Watercrest Senior Living Group
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