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FORT MYERS, FLA. — Encore Multifamily, a division of Dallas-based Encore Enterprises, has received a $48.7 million fixed-rate HUD Section 221(d)(4) loan for the construction of Encore Daniel Falls, a 240-unit project in Fort Myers. The developer broke ground on the community in December 2025. Construction is slated to complete by the third quarter of 2026.
Encore Daniels Falls will comprise 224,050 square feet of rentable space across a 6.7-acre site. Units will come in studio, one-, two- and three-bedroom floor plans. Residents will have access to amenities such as a clubhouse, fitness center, business center, pool, fire pit, dog wash, dog park, outdoor lounging and a 24-hour package room.