Centennial Pays $47M for Luxury Central Florida Asset
The property is adjacent to The Villages, the country's largest retirement community.
Centennial Holding Co. has acquired The Juliette, a 330-unit community in Wildwood, Fla., from Chance Partners. The property traded for $47.2 million, according to public records. JLL Capital Markets brokered the sale of the luxury property for the seller.
Centennial got a seven-year Freddie Mac acquisition loan, also arranged by JLL. The loan amount was $40.5 million, with a 2033 maturity date, public records also show.
Completed in 2024, The Juliette sits on 21.8 acres at 6629 Dan DiCiolla Drive, adjacent to The Villages master-planned senior housing community. Its 14 buildings incorporate 288 traditional apartments and 42 townhouse units, the average size being 971 square feet. The asset was 82.4 percent leased at the time of sale, according to JLL.
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Amenities comprise a pool, fitness center, clubhouse, nature trail by the lake accessing a 90-acre park, gaming area, dog park, garden area and outdoor cooking place. Residents can rent office spaces daily or monthly.
Brownwood Paddock Square is close to the Juliette, including some 400,000 square feet of retail across restaurants, shops and entertainment. The community is also 2.5 miles from the Trailwinds Village, a mixed-use destination with the tenant roster encompassing shops such as Target, Lowe’s, Aldi and Publix, as well as an HCA emergency room.
A JLL Capital Markets team led by Managing Directors Cliff Taylor and Joe Ayers and Directors Kyle Butler and Ted Taylor represented Chance Partners. Meanwhile, Centennial Holding Co. was represented by a JLL Debt Advisory team led by Senior Managing Director Melissa Quinn and Tyler Ford and Executive Managing Director Matt Kafka.
New apartments near Florida’s The Villages
The Villages remains the U.S.’s largest master-planned retirement community, with a population of roughly 150,000 people. It spans 57 square miles, continuing to expand, with current plans stretching into the 2030s, according to JLL. This is in line with long-term national fundamental prospects, as the general outlook for senior housing has dramatically improved over the past few years.
Wildwood, which borders The Villages, has seen a 157.3 percent growth in population over the past five years, also according to JLL. The Juliette is a market-rate property, non-restrictive age-wise, targeting the many workers serving the area’s retired population.
