Cima and 1031 Crowdfunding Complete Renovations at Florida and Texas Communities

Cima and 1031 Crowdfunding Complete Renovations at Florida and Texas Communities

Cima and 1031 Crowdfunding Complete Renovations at Florida and Texas Communities

Capital improvement and operational turnaround programs drive occupancy growth at two communities.

Cima Senior Living announces the successful completion of capital improvement programs at two communities: Wayman Place in Orlando, Florida, and Cariad at North Brook in McKinney, Texas. Both properties, acquired in partnership with 1031 Crowdfunding, have undergone comprehensive renovations since acquisition in August of last year and are experiencing strong leasing activity.

The projects represent Cima's continued execution of its value-add strategy—acquiring communities with upside potential and deploying targeted capital alongside operational improvements to drive performance.

"These two communities are proof of concept," said Jonathan Judd, CEO of Cima Investment Group. "We acquired them, we renovated them, and now we're filling them. The buildings look beautiful, the teams are energized, and families are responding. That's the playbook working."

At Wayman Place, the 60-unit Orlando community has seen significant leasing momentum since completing its renovation earlier this year. Cariad at North Brook, a 48-unit community in one of the fastest-growing cities in Texas, has similarly attracted strong interest from families seeking quality care options in the northern Dallas-Fort Worth corridor.

Both communities now feature refreshed interiors, modernized common areas, upgraded resident suites, and enhanced operational leadership.

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