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Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in the Positive Social Purpose Lending Program. The information below provides details about a property recently financed through this program.


Homes of Renaissance Preserve IV Apartments – Fort Myers, FL

Through the Positive Social Purpose Lending Program and in partnership with The Community Development Trust, participation was purchased in a loan providing financing for an 88-unit rental property in Fort Myers, FL. Units are reserved for households earning up to 60% of the area median income. Project amenities include a community room, fitness center, central laundry, picnic area, and basketball and tennis courts. Unit amenities include balconies or patios, full kitchen appliances and washer/dryer hook-ups. Energy efficient features include energy star appliances and light fixtures, low flow water fixtures, and high efficiency water heaters and HVAC.

photo of the Homes of Renaissance Preserve in Fort Myers, Florida
Photo Credit: Spectrum Field Services, Inc.

Transaction Summary:

Property Name: Homes of Renaissance Preserve IV Apartments
Location: 4211 Romeo Lane, Fort Myers, FL 33916
Units: 88
Loan Amount: $1,008,000
Term: 15 years
Purchase Date: April 12, 2017


For more information about The Community Development Trust: