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.

Real estate professional to help new multifamily venture source opportunities in Florida and throughout Southeast

MIAMI, FL – April 23, 2021 – EDEN Living, the new horizontal apartment development firm created by EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky, announces the addition of Jacky Sasson as Director of Land Acquisition. Based in Miami, Sasson is focused on sourcing new acquisition opportunities and supporting the venture’s entitlement, market analysis, underwriting and operations – among other aspects of multifamily development and ownership.

Prior to joining EDEN Living, Sasson served as Land Acquisition Manager at D.R. Horton affiliate Forestar Group, leading the acquisition and entitlement for residential projects. His industry experience also includes a similar role at MAS Development, where Sasson participated in the acquisition, entitlement, and development of more than 4 million square feet of commercial and residential development; and with private hard money lender New Wave Loans, where he underwrote more than $30 million in commercial and residential assets.

“Jacky’s diverse real estate background and business acumen will greatly enhance our growing team at EDEN Living,” Jacobson said. “He has the ability to help us move quickly with our venture’s ambitious expansion plans.”

Born in Bogota, Colombia and raised in Miami, Sasson earned a Bachelor of Science in Business Management from renowned Massachusetts business school Babson College. He also studied abroad in Shanghai, China.

“I am excited to be part of a versatile team that is embarking on innovative projects in Florida and eventually beyond,” Sasson said. “EDEN Living is poised to disrupt the multifamily industry with our horizontal apartment platform.”

EDEN Living leverages the partners’ 100-plus years of combined experience and unparalleled track record in the multifamily industry. EDEN Living already has several projects in the works in Florida and plans to eventually expand the platform nationally.

The mission of EDEN Living is to redefine an underserved segment of the rental population by providing a lower density, private living experience to such renters. EDEN Living 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. 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 and 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 working on initial developments in Miami-Dade, Duval and Brevard counties evidencing approximately 1,100 units. High-priority target markets include South Florida, Orlando, the Florida Space Coast, Tampa, Southwest Florida and Jacksonville. Beyond Florida, the firm is focused on the Atlanta, Charlotte, Memphis, Nashville and Knoxville markets.

EDEN Living affiliate RKW Residential, a multifamily property management firm with nearly 25,000 units under management across six states, will oversee management and leasing at the firm’s developments.

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, with future plans to expand the platform nationally. EDEN Living has three projects totaling approximately 1,000 units underway in Miami-Dade, Duval and Brevard counties. For more information on EDEN Living, visit http://www.edenliving.net.