MACON, GA – Watercrest Senior Living Group and equity partners, Peninsula Alternative Real Estate, and Corecam Capital Partners announced the groundbreaking of Watercrest Macon Helped 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 helped 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 gorgeous 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 right 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.

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ORLANDO, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Creative Village, a contemporary mixed-use apartment community in the emerging Creative Village district of Downtown Orlando.
The eight-tale midrise, which will feature 292 apartment homes and approximately 10,000 feet of ground-floor retail, is part of a master development effort to transform the former Amway Arena area into a vibrant, multidimensional environment in which to work, learn and live in the heart of Downtown Orlando. First go-ins are anticipated for early 2022.
“The momentum of Creative Village will produce a dynamic urban infill neighborhood with prime opportunity for immediate growth, and we’re excited to be a part of it,” said Eran Landry, vice president of development for Mill Creek Residential. “We believe Creative Village will quickly become one of the most desirable places in the downtown market, and we’re keen to offer a unique living experience.”
Situated at the intersection of West Amelia Street and Ronald Blocker Avenue, Modera Creative Village will ultimately be bordered by a large public park, which will serve as the “Central Park” and provide connectivity to the numerous academic, employment and retail facilities in the immediate area. When complete, Creative Village will be among the most walkable locales in the city and already features brilliant transit and bikeability.
Within downtown Orlando, residents will have walkable access to a wide variety of attractions, including a diverse range of museums, restaurants, boutique shops, nightlife options and parks. This includes Bobb Carr Theatre, Dr. Phillips Performing Arts Center and several art galleries, which help make a rich cultural footprint.
Modera Creative Village will offer studio, one-, two- and three-bedroom homes with several design options to meet the needs of residents. Community amenities include a resort-style pool with outdoor social spaces, club-quality 24-hour fitness center with yoga area and fitness programming, clubroom, outdoor kitchen/dining area, private seating areas and outdoor courtyards. Residents will also have access to digital package lockers.
Apartment interiors will be delivered with a variety of features, including 42-inch custom cabinetry, solid-surface countertops, tile backsplashes, stainless steel appliances, wood-style flooring, stackable washers and dryers, designer fixtures and lighted mirrors at bath vanities. Select homes will include movable kitchen islands.
Modera Creative Village marks Mill Creek’s second development community in Orlando, joining Modera Central. Modera Central, which is located in the South Eola neighborhood and home to the redeveloped University Club of Orlando, started leasing in 2018.

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COLUMBIA, SC – Lexerd Capital Management, a New Jersey-based real estate firm, in a joint venture partnership with LMS Harbison announced the acquisition of The Lakes at Harbison, a multifamily property located in Columbia, South Carolina. The property, renamed The Lory of Harbison ( The Lory of Harbison ), was originally constructed in 1980 and contains 124 dwelling units on 9 acres, featuring a yucky rentable area of 142,120 square feet.
Terms of the transaction were not told. This is the first joint venture acquisition for Lexerd, and their third overall acquisition in 2020.
The Lory of Harbison apartments are located in the very desirable Harbison neighborhood of northwest Columbia, SC. Located near I-26 and I-20, the Lory of Harbison offers residents access to Columbia s premier destination retail district and to the metro s most prolific employment centers.
As South Carolina s capital city and the seat of Richmond County, Columbia is a university town with a grounded state government employment base. Columbia is home to Fort Jackson, the U.S. Army s largest training center as well as the downtown campus for the University of South Carolina. Located just 90 miles south of Charlotte, Columbia is situated midway between Greenville and Charleston, two of the fastest growing manufacturing centers in the country, at the convergence of Interstates 20, 26, and 77.
“We are excited to partner with LMS Harbison on our first joint venture acquisition, said Albert Lord III, CEO of Lexerd. We are very pleased to have closed on this deal, especially given the challenging market environment during the Covid-19 crisis. The Lory of Harbison is a well-maintained, updated property in a highly sought after section of Columbia, SC. Partnering with LMS Harbison to buy an asset of this caliber, in a key growth market of the southeast US, represents an vital step forward in expanding value creation for our shareholders and is a terrific addition to our growing real estate portfolio.

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