ST LOUIS, MO – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has bought Ceylon Apartments, a boutique, luxury multifamily community in the St. Louis suburb of Clayton, Missouri. The mixed-use residential community features 121 luxury apartments and 13,421 square feet of ground floor retail.
“Ceylon Apartments is an impressive addition to the JVM Realty portfolio, as we continue to expand our footprint of luxury, multifamily apartments in suburban communities throughout the Midwest,” said Jay Madary, president and chief executive officer of JVM Realty Corp. “Ceylon is an outstanding transit-oriented property, located in suburban St. Louis that offers residents luxurious living in a fully-amenitized lifestyle residence. Ceylon’s highly desirable location has exactly the kinds of features and amenities that meet the expectations of today’s apartment residents.”
Ceylon was built in 2017 and will be managed by JVM Management Inc. It is the first acquisition for JVM Realty in the St. Louis area. The company’s total portfolio consists of 17 communities in four states totaling 4,640 units.
JVM Realty Corporation is a respected name in the Midwest as a leader in multifamily real estate investment and property management. Based in Oak Brook, Illinois, JVM operates a $1 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kansas, and Missouri.

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VERO BEACH, FL – Watercrest Senior Living Group and equity partners, Peninsula U.S. Real Estate, and Corecam Capital Partners announced the groundbreaking of Watercrest Myrtle Beach Helped Living and Memory Care in Myrtle Beach, SC. The 98-unit luxury senior living community, financed by Bank of Texas and under construction by Shiel Sexton, is scheduled to welcome residents in late 2021.
“Our partnership with both Corecam and Peninsula offers an unparalleled opportunity to develop an exquisite senior living community in a breathtaking setting,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “Watercrest Myrtle Beach will offer seniors a diverse and enriching lifestyle in a spectacular beachside community.”
Watercrest Myrtle Beach will be a signature Watercrest product, offering 76 helped living and 22 memory care apartments with resort-style service and world-class care. The architecture and design will boast a stunning promenade, fireplace, signature water wall, multiple dining options, pool, salon and spa, grand balconies, and Florida-style outdoor living spaces. Watercrest’s uniquely designed Market Street Residence will showcase an ‘outdoor’ streetscape with numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.
“We are excited to continue our partnership with Watercrest on another project, which reaffirms our confidence in their team, operational excellence and strong competence to provide high quality care for our seniors,” says Maximilian Hönigsmann, Managing Partner of Corecam Capital Partners. “We look forward to the development of Watercrest Myrtle Beach and our future partnerships with Watercrest.”
Ideally located at 6151 Colline Verdi Way, Watercrest Myrtle Beach is nestled amongst miles of uninterrupted shoreline and championship golf courses in a gorgeous coastal community. With a significant retirement population already enjoying life along its shores, the area offers award-winning medical centers alongside diverse retail, dining, arts and entertainment.
“Watercrest not only develops gorgeous buildings, but serves with the highest levels of culture, training and engagement,” says Juan Fernando Valdivieso, Managing Director of Peninsula U.S. Real Estate. “We are honored to partner in the development of Watercrest Myrtle Beach in offering seniors the highest quality of senior living.”

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DUBLIN, IRELAND – Global real estate investment company Kennedy Wilson (NYSE: KW) and its partner announced the completion of the third phase of Clancy Quay, adding 246 new units to the largest multifamily community in Ireland that now totals 845 units and will serve as home for more than 1,800 residents. Clancy Quay builds on Kennedy Wilson s growing multifamily portfolio that has shown resilience and high rent collections throughout 2020 based on prime locations and best-in-class asset management programs, including a newly rolled out virtual leasing platform.
We are proud to deliver on our promise to bring much-needed residential space and public amenities to this vibrant market, and to continue raising the bar for multifamily communities in Dublin and across our global markets, said William McMorrow, Chairman and CEO of Kennedy Wilson. Clancy Quay represents the first of several global developments that are expected to complete in the near term as we continue to make brilliant progress across all of our development initiatives.
Kennedy Wilson bought the 13.6-acre underutilized site located near Dublin City Center on the southern banks of the River Liffey in 2013 and launched a seven-year, phased development that has added a total 422 units to the community as well as a robust resident amenity and public space program. The final phase continued Kennedy Wilson s restoration and conservation of the historic Clancy Barracks, which incorporates many protected structures. Kennedy Wilson holds a 50% ownership interest in Clancy Quay.
We are honored to be associated with a property of such historical significance as the former Clancy Barracks and proud to have preserved many of its unique and distinctive elements. We have delivered smart innovation across both the leasing and resident experience, on top of the best-in-class resident amenities, in a city-center development that people can call home, said Ali Rohan, Head of Ireland for Kennedy Wilson.
The completion of Clancy Quay is the first of many new multifamily developments totaling 4,100 units that Kennedy Wilson currently expects to deliver by 2024, with 750 units on track to complete before the end of the year. The new developments will bolster Kennedy Wilson s global multifamily portfolio that now totals 30,000 units.
In Ireland, where Kennedy Wilson is one of the country s most active multifamily real estate investors and operators, more than $500 million of development projects are underway totaling over 1,000 new multifamily units in various stages of development at prominent Dublin projects including The Grange and Coopers Cross.
In the Western United States, 485 multifamily units are expected to come online this year, including market-rate homes at 38 Degrees North in Santa Rosa, California; Rosewood Premiere in Boise, Idaho; and The Clara, in Eagle, Idaho that will all complete and start lease-up in Q3 2020. Seatac, a 170-unit new community in Kennedy Wilson s growing affordable and senior housing joint venture with Vintage Housing, will also complete in the Pacific Northwest this year.
Kennedy Wilson will have an average ownership of approximately 70% across the market-rate multifamily developments that it expects to complete in 2020.

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