Development for Watermark Retirement Communities is done in collaboration with The Freshwater Group, www.thefreshwatergroup.com. Led by David Freshwater, a veteran entrepreneur of the seniors’ housing industry, The Freshwater Group provides investment capital, strategic planning, development oversight and project management services for Watermark Retirement Communities. Having been involved in the development, renovation and repositioning of 20 large-scale retirement communities over a 20-year period, Freshwater has unparalleled experience in, and vision for, creating award-winning environments that support aging adults in their quest for autonomy and fulfillment.

The Freshwater Group andWatermark Retirement Communities germinated from the same seed company, The Fountains. Before its sale in July 2005, the company reigned for many consecutive years as one of the seniors’ housing industry’s top 25 owner/operators. With many of the same core leaders at the helm today, these two distinct companies continue to share office space in The Fountains former headquarters in Tucson, building on the traditions they started together in 1987.

Current development and renovation projects, totaling over $110 million in the aggregate, include:

The Watermark at 3030 Park, Fairfield County, Connecticut, a $20 million renovation of a 10-story Independent Living tower, a 50,000-square-foot healthcare center, 13 new cottages and 33 new luxury independent living apartments.