BLDG Real Estate and The Fellowship Family have closed on $100 million in financing for Fellowship Wildlight, a planned 205-unit senior living community in Nassau County. The project expands the Fellowship-branded senior housing footprint in Northeast Florida and advances development within the larger Wildlight master-planned community.
According to reporting from the Jacksonville Business Journal, the financing team behind the capital stack includes Peachtree Group, Florida Development Finance Corporation, Farmers & Merchants Bank, a Greystone fund and Promus Realty. Specific loan terms, including lender roles, pricing, structure and maturity, were not disclosed.
Fellowship Wildlight is planned within Rayonier’s 24,000-acre Wildlight community, a large-scale development that is adding residential and supporting uses in Nassau County. The senior living project is designed to offer a full continuum of care, with plans for eight cottages, 24 memory care units, 48 assisted living units and 125 independent living units. No delivery timeline or total development cost has been announced.
The project team for Fellowship Wildlight includes Elkins Construction as general contractor and Stewart & Conners as the architect, reflecting an established group of regional firms active in senior housing and mixed-use projects. Details on project phasing, construction start and pre-leasing activity were not provided in the source report.
This new financing supports what will be the third Fellowship-branded senior living community in Northeast Florida. BLDG Real Estate and The Fellowship Family previously acquired and repositioned Fellowship Amelia Island, a 43-unit senior community, in April 2025. In August 2025, The Fellowship Family and BDG Real Estate acquired Fellowship Cove at Marsh Landing, a 101-unit community in Ponte Vedra Beach. Terms of those prior transactions, including pricing and capital structures, were not disclosed.
With the addition of Fellowship Wildlight, the sponsors continue to build a multi-asset senior living platform in the region, spanning independent living, assisted living and memory care. While further details on operating partners, management structure and long-term ownership plans were not available, the latest financing demonstrates continued capital allocation into senior housing within a large master-planned environment.
