Financing secured for Infinity at The Colony condominiums in Bonita Springs, FL

MIAMI, April 4, 2023 – JLL Capital Markets announced today that it has closed the construction financing for Infinity at the Colony, a 96-unit, luxury, high-rise condominium development located within The Colony Golf & Bay Country Club in Bonita Springs, Florida.

JLL represented the borrower, The Ronto Group and Wheelock Street Capital, to secure the loan through MSD Partners.

The 21-story Infinity will rise above the Gulf Coast and feature three- and four-bedroom luxury residences with five open-concept floor plans ranging from 3,075 square feet to 4,020 square feet. Each unit will be serviced by private elevators and will have gourmet kitchens, floor-to-ceiling windows, oversized private balconies and private two-car garages. The endless, resort-style amenities at the Infinity include a beach-entry family pool, adult lap pool, a fitness center with steam and sauna rooms, a game room, a rooftop sunset terrace and a poolside bar and grill, which will be the only of its kind among properties in The Colony. Additional exterior amenities will include bocce and pickleball courts and a luxury 9-hole putting golf course designed by Beau Welling.

Situated at 4820 Pelican Colony Blvd., Infinity is located within The Colony, a highly sought-after country club community located just west of US 41 between Naples and Fort Myers. The Colony features approximately 1,000 residences built among 18 unique neighborhoods that range from high-rise condos with exceptional views of Estero Bay and the Gulf of Mexico to single-family estate-sized villas. Infinity is the first of two towers planned for the parcel, which is the last available development site within The Colony. Additionally, The Colony is set within the larger, master-planned Pelican Landing, which is home to more than 3,350 residences and provides residents of The Colony access to Pelican Landing Beach Park on Big Hickory Island, the Pelican Landing Community Center and Fitness Center, the Pelican Landing Tennis Center, pickleball courts, two kayak facilities, a sailing facility and bocce courts.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Steven Klein, Managing Director Brian Gaswirth and Associate Paul Adams.

“The Ronto Group and Wheelock Street Capital continue to find superior development sites and deliver some of the highest quality condo projects throughout Southwest Florida,” said Klein. “Infinity is a perfect example of their success as evidenced by its strong presales.”

“We are pleased to partner with The Ronto Group and Wheelock Street Capital to finance this unique development and extend our commitment to investing in high-quality real estate in Florida,” said Adam Piekarski, Managing Director and Co-Head of Real Estate Credit at BDT & MSD Partners.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Since 1967, The Ronto Group has been perfecting their skills in real estate development through the creation of residential and commercial projects worldwide. For over thirty years, Ronto has been developing in the Southwest Florida market, creating communities that celebrate the area's irresistible appeal, from Marco Island to Tampa. The Company has built a solid reputation for imaginative vision, steadfast integrity, and reliable performance.

Headquartered in Naples, Ronto's expertise in condominium and land development has been recognized internationally for communities that are lasting examples of the luxury lifestyle, thoughtful planning, and dedicated craftsmanship. Ronto has also received numerous awards from the Southwest Florida homebuilding industry for superior design and craftsmanship. The Ronto Group's expertise and attention to detail is evident in each of their projects.

Wheelock Street Capital L.L.C. is a private real estate investment firm founded in 2008 by Merrick R. Kleeman and Jonathan H. Paul, two veteran real estate private equity investors, each with over 30 years of broad real estate transaction experience across all major asset classes and a desire to get back to hands-on investing. Wheelock has assembled a premier investment and asset management team and produced an over 10- year track record of demonstrated and consistent outperformance over industry benchmarks. Since inception, Wheelock has raised eight funds, representing over $5 billion in capital commitments and deployed over $11 billion in total value on behalf of well-known institutional investors.

This includes a targeted $1.1 billion and $1 billion of capital that the Firm is currently deploying in its opportunistic/value-add vehicle and open-end long-term value vehicle, respectively.

MSD Partners focuses on maximizing long-term capital appreciation across three core areas of investing expertise – Credit, Real Estate, and Growth Equity. It is an affiliate of BDT & MSD Partners, a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. Since 2010, BDT & MSD Partners’ affiliated funds have deployed more than $50 billion across their investment strategies. For more information, visit www.bdtmsd.com.