Partnership also secures financing for the 214-unit development in rapidly growing master-planned community

PORT ST. LUCIE, FL – Dec. 19, 2023 – EDEN Living started construction on its EDEN at Tradition project in Port St. Lucie’s expanding Tradition community. The development with 214 townhome-style units will bring much-needed new build-to-rent product to the growing area.

The EDEN at Tradition groundbreaking comes on the heels of EDEN Living obtaining a $55 million construction loan for the project. The lender was not disclosed.

EDEN at Tradition will include a mix of two and three-bedroom townhomes, all with two-and-a-half bathrooms, one-car garages and fenced-in backyards. Units range in size from 1,050 to 1,300 square feet. Completion is targeted for late 2025.

MSA Architects is the project designer, and Summit Contracting Group the general contractor.

Class A amenities at the project include a clubhouse, dog park, playground and a lake with a walking path. The nearly 20-acre project site is located on the northwest corner of Southwest Village Parkway and Paar Drive. Tradition master developer Mattamy Homes sold the site to EDEN.

“This is a major step towards bringing our innovative build-to-rent concept to the Tradition community,” said Jay Jacobson, CEO of EDEN Living. “The track record of our principals and unique horizontal apartment model inspire confidence in the capital markets during a time when traditional multifamily construction financing is extremely difficult to come by.”

JLL Capital Markets’ Max La Cava, Kenny Cutler and Shane Ciacci arranged the construction financing on EDEN Living’s behalf.

Port St. Lucie ranks as the fifth fastest-growing city in the U.S., according to Quicken Loans. In December 2022, Cleveland Clinic acquired 44 acres surrounding its existing hospital for future expansion. Within Tradition, Sansone Group is developing Legacy Park at Tradition, which will bring more than 10 million square feet of distribution space and 1,500-plus new jobs to the area. Notable tenants include Amazon, FedEx and Cheney Brothers.

EDEN continues to expand its footprint across Florida. It has more than 3,500 units in the development pipeline throughout the state. Active build-to-rent projects are located in Jacksonville, West Melbourne and Wildwood (near The Villages). 

Jacobson and fellow experienced multifamily developers Jay Massirman and Sergio Socolsky formed EDEN Living in February 2021.

The venture develops one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects are expected to include amenities that are on par with what is found in traditional Class A multifamily communities.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.com.

Partnership to develop 214 townhome-style units in rapidly growing master-planned community following successful site acquisition

PORT ST. LUCIE, FL – June 1, 2023 – EDEN Living, with the mission to redefine a lacking segment of the rental population, is poised to accommodate intense demand for build-to-rent product in Port St. Lucie’s expanding Tradition community. EDEN Living, in a joint venture with affiliates of Westport Capital Partners, just acquired a nearly 20-acre site with plans to develop 214 townhome-style units.

The project site is located on the northwest corner of Southwest Village Parkway and Paar Drive. Tradition master developer Mattamy Homes sold the site to EDEN. Financial details were not disclosed.

EDEN at Tradition will include a mix of two and three-bedroom townhomes, all with two-and-a-half bathrooms, one-car garages and fenced-in backyards. Units range in size from 1,050 to 1,300 square feet. Construction is expected to commence in July 2023, with completion targeted in late 2025.

Real estate investment firm Westport Capital Partners is EDEN’s equity partner in the project, with JLL arranging the venture financing. MSA Architects is the project designer, and Summit Contracting Group the general contractor.

Class A amenities at the project include a clubhouse, dog park, playground and a lake with a walking path.

“We are thrilled to take our innovative build-to-rent concept to the Tradition community,” said Jay Jacobson, CEO of EDEN Living. “Port St. Lucie is one of the fastest-growing cities in the nation, and Tradition is fueling that expansion. There is substantial complementary development occurring in the community that will make our product that much more desirable.”

Port St. Lucie ranks as the fifth fastest-growing city in the U.S., according to Quicken Loans. In December 2022, Cleveland Clinic acquired 44 acres surrounding its existing hospital for future expansion.

Within Tradition, Sansone Group is developing Legacy Park at Tradition, which will bring more than 10 million square feet of distribution space and 1,500-plus new jobs to the area. Notable tenants include Amazon, FedEx and Cheney Brothers.

PEBB Enterprises and Banyan Development are jointly developing the Shoppes @ Heart of Tradition, a 71,000-square-foot project anchored by popular supermarket chain Aldi. The project name is a nod to its location adjacent to the “Heart” sculpture by acclaimed international artist JEFRË designed and constructed at Tradition. The community is also about to welcome a new Fresh Market, which is nearing completion.

Mattamy partnered with BEEP Autonomous Solutions to create an autonomous vehicle network – Tradition in Motion (TIM) – that is operational throughout the community. Tradition recently launched an e-bike sharing program and received approvals for the Tradition Trail – or T Trail – spanning from the northern to southern end of the community.

EDEN continues to expand its footprint across Florida. It has more than 3,500 units in the development pipeline throughout the state. Active build-to-rent projects are located in Jacksonville, West Melbourne and Wildwood (near The Villages). 

Jacobson and fellow experienced multifamily developers Jay Massirman and Sergio Socolsky formed EDEN Living in February 2021.

The venture develops one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects are expected to include amenities that are on par with what is found in traditional Class A multifamily communities.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.com.

About Westport Capital Partners LLC:

Westport Capital Partners LLC is a real estate investment firm focusing on adding value to real estate and “hands-on” solutions to complex situations. Westport provides domestic and international real estate related investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of value-add and opportunistic real estate assets. The firm has offices in Los Angeles, California and Stamford, Connecticut. For more information regarding Westport Capital Partners LLC, please visit www.westportcp.com.

City National Bank provides financing for partnership’s 130-unit development scheduled for completion in the first quarter of 2024

WILDWOOD, FL – March 15, 2023 – EDEN Living, with the mission to redefine an underserved segment of the rental population, secured financing for its horizontal apartment project under construction just south of Florida’s The Villages community. City National Bank provided the partnership with a $22 million construction loan for the 130-unit build-to-rent development on 15 acres in Wildwood, FL.

The financing transaction closed on March 6. EDEN Living began construction on the project at 2072 County Road 501 in June 2022. It expects to complete construction during the first quarter of 2024.

“We appreciate City National Bank’s support of our partnership’s innovative approach to build-to-rent development through this project in Wildwood, Florida,” said Jay Jacobson, CEO of EDEN Living. “In a time when traditional multifamily construction financing is difficult to come by, our horizontal apartment model – and the track record of our principals - resonates in the capital markets. We look forward to filling the void for new multifamily product in the Wildwood area.”

JLL Capital Markets’ Senior Director Max La Cava and Director Kenny Cutler, worked on behalf of EDEN Living to secure the non-recourse construction loan.

The Wildwood project site is surrounded by large-scale developments, many golf courses and an abundance of commercial and retail space. Its 130 units include a mix of 799-square-foot one-bedroom, one-bathroom apartments and 1,268-square-foot two-bedroom, two-bathroom apartments. Class A amenities at the project include a clubhouse, fitness center, pool, BBQ area, pickleball courts and a park with walkways and seating areas.

Conveniently located on the east side of I-75 and immediately west of Florida’s Turnpike, the development is also just five miles from Brownwood Paddock Square, the downtown hub of The Villages.

The Villages is one of Florida’s largest master-planned communities. It is experiencing substantial growth in the medical sector, as evidenced by HCA Healthcare’s $18.8 million purchase of a Trailwinds Village property in Wildwood. HCA is building a large medical facility on the site.

“Wildwood and The Villages are among the fastest-growing communities in Florida, and EDEN Living managed to secure one of the area’s most desirable development sites,” said Gary Fitzgerald, Real Estate Banking Executive at City National Bank of Florida. “The development’s premium location, coupled with the team’s track record and the surge of housing demand underway in Sumter County, made this a natural loan for City National Bank as we look to fund high-quality real estate projects across Florida.”

This project is part of a venture between EDEN Living and an investment fund managed by Morgan Stanley Real Estate Investing (“MSREI”). The venture currently has several horizontal-apartment projects under construction in Florida.

EDEN Living continues to expand its footprint across Florida. With the Wildwood project, a 265-unit development in Jacksonville and a 373-unit project in West Melbourne, the partnership has more than 750 horizontal build-to-rent units under construction in the state. Another 1,000 units are in various stages of the planning and permitting process.

Jacobson and fellow experienced multifamily developers Jay Massirman and Sergio Socolsky formed EDEN Living in February 2021.

The venture develops one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects will include amenities that are on par with what is found in traditional Class A multifamily communities.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.net.

About JLL:

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Partnership acquires 15-acre site for construction of 130 horizontal apartments in growing area

WILDWOOD, FL – May 16, 2022 – EDEN Living, with the mission to redefine an underserved segment of the rental population, is about to start construction of a new horizontal-apartment project just south of Florida’s The Villages community. EDEN Living will develop 130 build-to-rent units on 15 acres it just acquired in Wildwood, FL.

EDEN plans to break ground in June 2022 and expects to complete the project in September 2023. It closed on the site at 2072 County Road 501 on April 11.

This new project is part of a recently formed venture between EDEN Living and an investment fund managed by Morgan Stanley Real Estate Investing (“MSREI”). EDEN previously finalized an agreement for MSREI to invest up to $180 million in its developments. The venture currently has several horizontal-apartment projects under construction in Florida.

The 130 units include a mix of 799-square-foot one-bedroom, one-bathroom apartments and 1,268-square-foot two-bedroom, two-bathroom apartments. Class A amenities at the project include a clubhouse, fitness center, pool, BBQ area, pickleball courts and a park with walkways and seating areas.

The development is conveniently located on the east side of I-75 and immediately west of Florida’s Turnpike. It is also just five miles from Brownwood Paddock Square, the downtown hub of The Villages.

“This high-end build-to-rent project complements the tremendous growth occurring in The Villages area,” said Jay Jacobson, CEO of EDEN Living. “The project site is surrounded by large-scale developments, many golf courses and an abundance of commercial and retail space. We are filling a void for new multifamily product in the area.”

The Villages is one of Florida’s largest master-planned communities. It is experiencing substantial growth in the medical sector, as evidenced by HCA Healthcare’s recent $18.8 million purchase of a Trailwinds Village property in Wildwood. HCA plans to build a large medical facility on the site.

Jacobson and fellow experienced multifamily developers Jay Massirman and Sergio Socolsky formed EDEN Living in February 2021. In addition to the MSREI agreement, EDEN Living has also secured a $22 million general partner equity raise through the Capital Advisors Single Family US 1 fund.

The venture develops one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects will include amenities that are on par with what is found in traditional Class A multifamily communities.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.net.

Partnership, including Morgan Stanley Real Estate Investing, to start construction immediately on 373-unit horizontal apartment project

WEST MELBOURNE, FL – Jan. 17, 2022 – EDEN Living, the development partnership of EDEN Living Development Partners LLC with the mission to redefine an underserved segment of the rental population, is set to start construction on a new development in Florida’s rapidly growing Space Coast market. A recently formed venture between EDEN Living and an investment fund managed by Morgan Stanley Real Estate Investing (“MSREI”) closed on the acquisition of a development site in West Melbourne, Florida and will construct a 373-unit horizontal apartment project.

The development, located at the intersection of the recently completed St. Johns Heritage Parkway and a newly constructed I-95 exit, includes a mix of single-story cluster apartment homes and two-story townhomes. All units are rentals.

Class A amenities at the project include a fitness center, club room, pool, dog park and walking trails.

Synovus Bank provided the venture with construction financing. Terms of the site acquisition and financing were not disclosed.

“We are very excited to commence construction of a Class A build-to-rent project in a booming market,” said Jay Jacobson, CEO of EDEN Living. “The Space Coast is experiencing tremendous economic growth, which in turns creates intense demand for new rental housing. Our venture with MSREI is off to a strong start, with several dynamic, well-designed horizonal communities in the pipeline throughout Florida and the Southeast U.S.”

Jacobson and fellow experienced multifamily developers Jay Massirman and Sergio Socolsky formed EDEN Living in February 2021. Over the summer, EDEN Living finalized an agreement with MSREI to invest up to $180 million in its developments. EDEN Living has also secured a $22 million general partner equity raise through the Capital Advisors Single Family US 1 fund.

EDEN Living has another 500 units in the approval process throughout Florida and is pursuing additional development sites across the Southeast. It is constructing Eden Arlingwood, a 265-unit community in Jacksonville with 189 single-story, cluster apartment homes and 76 two-story townhomes.

The venture develops one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects will include amenities that are on par with what is found in traditional Class A multifamily communities.

Horizontal apartments are built as single-story detached homes or two-story townhomes, with their own private entrances or backyards. In the EDEN Living model, the only exception is that many of the one-bedroom units are single-story duplexes sharing a center wall. Two and three-bedroom homes are detached, while mimicking the layout and square footage of a conventional apartment.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.net.

About Morgan Stanley Real Estate Investing:

Morgan Stanley Real Estate Investing (“MSREI”) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. As of September 30, 2021, MSREI manages $49 billion of gross real estate assets worldwide on behalf of its clients.

Agreement calls for an anticipated commitment of up to $180 million in capital for partnership’s horizontal apartment developments

MIAMI, FL – June 24, 2021 – EDEN Living, the development partnership of EDEN Living Development Partners LLC, and a dedicated institutional investor have entered into an agreement to invest up to $180 million in the development of horizontal and townhome BTR (build-to-rent) projects throughout the Southeast and beyond.

The agreement marks a significant milestone for EDEN Living, which was launched in February 2021 by experienced multifamily developers Jay Jacobson, Jay Massirman and Sergio Socolsky. EDEN Living recently announced the completion of a $22 million general partner equity raise through the Capital Advisors Single Family US 1 fund.

“This venture represents a strategic opportunity with two longstanding real estate investment groups,” said Jay Jacobson CEO of EDEN Living. “Our goal is to generate significant returns to our investors by creating dynamic, well-designed horizontal communities in very desirable neighborhoods within our target markets.”

The agreement with the investor will allow EDEN to expand its platform throughout Florida, the Carolinas, Tennessee and Utah. The first two projects will be developed in Jacksonville and West Melbourne, Florida. Additional sites in various stages of due diligence are located in suburban areas of Bradenton, Tampa, Orlando and Ocala, Florida.

EDEN Living’s mission is to redefine an underserved segment of the rental population by providing a lower density, private living experience to such renters.

The partnership will develop one-story living environments (and two-story townhomes in some locations) that provide enhanced privacy, exterior living space, courtyards and private landscaped backyards. Residents will be able to access their homes with no sharing of breezeways or elevators. Projects will include amenities that are on par with what is found in traditional Class A multifamily communities.

Horizontal apartments are built as single-story detached homes or two-story townhomes, with their own private entrances or backyards. In the EDEN Living model, the only exception is that many of the one-bedroom units are single-story duplexes sharing a center wall. Two and three-bedroom homes are detached, while mimicking the layout and square footage of a conventional apartment.

EDEN Living is actively seeking new development sites between 10 and 30 acres throughout its target markets, as noted above. For direct inquiries, contact EDEN Living Director of Land Acquisition Jacky Sasson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About EDEN Living:

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. EDEN Living currently has two projects totaling approximately 750 units underway in Duval and Brevard counties. For more information on EDEN Living, visit http://www.edenliving.net.