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The Villages seeks $180M in debt financing via Special Assessment Revenue Bonds to fund expansion of 3,860 new residential units.

PRIVATEOct 22, 2026

Amount Raised

$180 Million

Round Type

Debt Financing

FloridaReal EstateNon ProfitCommunities

Description

The Villages, the largest master-planned community in the United States, is issuing approximately $180 million in Special Assessment Revenue Bonds (Series 2026 Bonds) to finance a major expansion. The bond proceeds will fund construction of 3,860 new residential units, new golf courses, and recreation centers across an 800-acre expansion in Sumter County, Florida. The total project cost is estimated at $314 million, with The Villages Development Company contributing the remaining $157 million. The bonds will mature between 2031 and 2056, with bi-annual interest payments beginning May 1, 2027.

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Company Information

Company

The Villages

Location

Florida, United States

About

The Villages is the largest master-planned community in the United States, currently spanning 57,000 acres with over 170,000 residents located in Central Florida. Designed primarily for retirees, it offers extensive amenities including golf courses and recreation centers. The community is undertaking a major expansion to add 3,860 new residential units across 800 acres, with plans to reach 260,000 residents and 130,000 homes by 2045. The Villages benefits from its Central Florida location, which provides protection from coastal storms, and its favorable tax environment for retirees.

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The Villages raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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