Watercrest Myrtle Beach Assisted Living and Memory Care Advances Construction

VERO BEACH, Fla., April 19, 2021 /PRNewswire/ -- Watercrest Senior Living Group and equity partners, Peninsula U.S. Real Estate, and Corecam Capital Partners are pleased to announce significant construction progress at the site of Watercrest Myrtle Beach Assisted Living and Memory Care in Myrtle Beach, SC. Shiel Sexton has completed over 65% construction of the 98-unit, upscale senior living community and the building is scheduled to welcome residents at the end of this year.

Watercrest Myrtle Beach will be a signature Watercrest product, offering 76 assisted 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, cigar and scotch lounge, grand balconies, and Southern 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. 

"Myrtle Beach is a renowned destination which offers an idyllic setting for a world-class senior living community," says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.   "We are thrilled to collaborate with our partners in the advancing development of Watercrest Myrtle Beach and the opportunity to provide seniors with the exceptional lifestyle they deserve."

Ideally located at 6151 Colline Verdi Way, Watercrest Myrtle Beach is nestled amongst miles of uninterrupted shoreline and championship golf courses in a beautiful 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. For community information, contact Watercrest Senior Living Group at 772-539-4560.

With multiple senior living projects in development throughout the southeast, Watercrest Senior Living Group is setting new standards of quality for seniors and their families in the development of upscale senior living communities.  Watercrest Myrtle Beach is one of two senior living development projects partnered between Watercrest, Corecam Capital Partners, and Peninsula Alternative Real Estate. Their additional project, Watercrest Macon Assisted Living and Memory Care, is preparing to open this summer in Macon, GA.

About Corecam Capital Partners
Corecam Capital Partners is a Direct Investments Platform focused on Private Equity, Real Estate and Venture Capital. Corecam Capital Partners targets private investment opportunities alongside its investors and provides access to its proprietary deal sourcing. All investments are structured in-house by a team of investment professionals located in Zurich, Vienna, Singapore and Ho Chi Minh City.

About Peninsula U.S. Real Estate
Peninsula U.S. Real Estate is a leading private equity firm in the Student & Senior housing space and a vertical within Peninsula Investments Group. Peninsula U.S. provides equity and mezzanine financing to leading developer-operators in the student housing, senior housing, and multifamily space following institutional quality processes developed over the last decade.

About Watercrest Senior Living Group
Watercrest Senior Living Group was founded 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. A certified Great Place to Work, Watercrest 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