The Villages seeks $130M muni bond deal to fund 2,800-home expansion
The Villages is betting big on the municipal bond market to keep its housing boom alive. The sprawling 57,000-acre retirement empire in central Florida is selling nearly $130 million in high-yield municipal bonds to fund a 2,800-home district, Bloomberg reported. The sale, handled by Jefferies and Morgan Stanley, will bankroll infrastructure for the next phase of The Villages’ long-term buildout, such as roads, bridges, irrigation and 36 new golf holes. The project is part of a 20-year plan that could swell the community’s population by 60 percent to roughly 260,000 residents by 2045. The deal comes with notable risk. The […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Historic cottage near Citadel’s Brickell HQ to move to Coconut Grove
Summermaxxing: Wealth boom brings heat to South Florida with pricey off-season sales
Rivani’s $50M Miami Beach office expansion with Playboy HQ heads to voters
Alonzo Mourning, HTG net $55M financing package for affordable housing
$16M West Palm mansion breaks city’s record for priciest non-waterfront sale
Centaur sells Panther National for $191M in South Florida’s biggest golf course trade this year
Florida’s education shakeup is pouring money into private schools. Here’s what it means for real estate
South Florida’s top deals: Palm Island home sells for $19M
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
