World’s Largest Retirement Community Taps Muni Market to Help Build More Homes

The largest retirement community in the world is expanding even further with a nearly $130 million high-yield debt deal.The Villages, a 57,000-acre Floridian megaplex, already part of the fastest-growing metropolitan area in the US, plans to tap municipal-bond investors to help finance a new development with more than 2,800 new homes. The expansion is part of broader two-decade plan to capitalize on the aging American population and the appeal of a resort-like community among the Baby Boomer generation. The ...