Watercrest Senior Living Group Celebrates Construction Progress at Watercrest Fredericksburg Assisted Living and Memory Care

VERO BEACH, Fla., Feb. 10, 2025 /PRNewswire/ -- Watercrest Senior Living Group and partners, Harbert Seniors Housing Fund II, LP and Centric Development are pleased to announce that construction has steadily advanced at the site ofWatercrest Fredericksburg Assisted Living and Memory Carein Fredericksburg, Virginia. The 142-unit luxury senior living community, financed by Carter Bank & Trust and under construction by Centric Development, is currently accepting reservations with plans to welcome residents in Summer 2025.

Watercrest Fredericksburg will offer 106 assisted living and 36 memory care apartments with resort-style service and world-class care. The architecture and design will boast a stunning promenade, fireplace lounge, multiple dining options, theater, library, billiards, spacious courtyards with fountains and Watercrest's premier Spa W. For a virtual tour of this stunning community, visit Watercrest Fredericksburgon YouTube.

"We are grateful for this outstanding partnership and its successful collaboration in the development of Watercrest Fredericksburg," says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. "Watercrest Fredericksburg will provide seniors the highest quality of care, service and luxury amenities and we look forward to welcoming our future residents to their new home at Watercrest."

Watercrest principals, Marc Vorkapich, CEO and Joan Williams, CFO, are setting exceptional standards of quality for seniors and their families in the development of upscale senior living communities from South Florida to Virginia. Watercrest and Harbert Seniors Housing Fund II also developed Watercrest Richmond Assisted Living and Memory Care which opened in May 2023 in Richmond, Virginia.

Watercrest Fredericksburg is conveniently located at 4525 Spotsylvania Parkway across from the Spotsylvania Regional Medical Center. The surrounding area boasts historical sites, hiking trails, art galleries, specialty retail shops and charming chef-owned restaurants and craft breweries. For community information, contact Watercrest Fredericksburg at 540-518-0843; or to schedule a tour, call 540-370-7137 or email [emailprotected].

About Watercrest Senior Living Group
Watercrest Senior Living Group was founded to honor our mothers and fathers, aspiring to become a beacon for quality in senior living by surpassing standards of care, service and associate training. Watercrest senior living communities are recognized for their luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming offering unparalleled service to seniors living with Alzheimer's and dementia. A seven-time certified Great Place to Work, Watercrest specializes in the development and operations of assisted living and memory care communities and the growth of servant leaders. Visit www.watercrestseniorliving.com.

About Harbert Management Corporation
HMC is an investment management firm focusing on alternative assets, with approximately$8.2 billionin Regulatory Assets under Management as ofSeptember 30, 2024. A privately owned firm founded in 1993, HMC serves foundations, endowments, fund of funds, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals across multiple asset classes. For additional information about HMC, visitwww.harbert.net.

About Centric Development
Centric Development is a multistate real estate developer and general contractor with a proven track record of over 150 completed projects. Led by seasoned principals with experience in public and private real estate transactions, Centric Development leverages its expertise to deliver high quality, timely and value driven results.

For additional information about Centric, visithttps://www.centricdevelopment.com/

SOURCE Watercrest Senior Living Group