The property is located approximately three miles from the beach and is surrounded by more than 35 golf courses throughout Martin County.
PCCP, LLC has provided a $41.25 million senior loan to The United Group of Companies, Inc. (“United Group”) for the refinance of The Sovana at Stuart, a Class A, 182-unit resort-style Active Adult community located at 1900 NW Federal Highway in Stuart, Florida, directly off US 1.
Built in 2022 and developed by the United Group, The Sovana at Stuart consists of two, three-story and one, four-story, elevator-served residential buildings. The property offers high-quality construction, modern Class A finishes, and a comprehensive amenity package designed to meet the lifestyle preferences of today’s Active Adult renter. In addition to the resort-style amenities, the community also offers United Group’s award-winning lifestyle program, the SUN® Program (Senior Umbrella Network), featuring daily activities for residents to enjoy. Community amenities include a resort stye pool and spa, outdoor kitchen, fire pits, dog park, pickleball, and bocci courts. The award-winning clubhouse includes a community room with community kitchen and fireplace, state-of-the-art fitness center and yoga room, theater, salon, and a multipurpose room.
“PCCP believes that The Sovana at Stuart represents a compelling opportunity to finance an Active Adult community in a highly differentiated submarket,” said PJ Finley, Vice President with PCCP. “PCCP was drawn to the opportunity due to the property’s strong lease-up performance, modern construction, and unique positioning as the only 55-plus Active Adult community near downtown Stuart, combined with United Groups’ development and management expertise from United Plus Property Management (“UPPM”), AMO ®.”
“United Group believes this transaction marks an important milestone for The Sovana at Stuart and our broader Active Adult portfolio,” said Michael J. Uccellini, Chief Executive Officer at United Group. “We believe PCCP’s partnership reflects confidence in the quality of our assets, the strength of the Stuart market, and our team’s ability to develop and operate communities that resonate with today’s Active Adult renter. We are proud of what The Sovana represents and are excited to continue focusing on building value for our residents, partners, and stakeholders.”
The Sovana at Stuart is within two miles of downtown Stuart, offering residents convenient access to a vibrant, walkable downtown known for its locally owned boutiques, art galleries, specialty retailers, restaurants, live music venues, and a waterfront boardwalk.
Stuart’s central Florida location—approximately 45 minutes north of West Palm Beach and two hours south of Orlando—has made it an increasingly attractive destination for retirees seeking relative affordability compared to other South Florida markets, while maintaining proximity to retail, natural amenities, and coastal recreation.
