Commercial Truck Insurance in Venice, FL

NEW YORK, Dec. 20, 2023 /PRNewswire/ -- J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced the acquisition of an initial tranche of 36 townhomes in Fiore, a single-family rental residential community under development in Venice, Florida.

Upon completion, Fiore is expected to have 126 three-bedroom townhomes, with high-end unit finishes and community amenities, including a pool and a dog park. The total purchase price will be approximately $45.4 million, exclusive of closing costs.

"We continue to see strong demand in the single-family rental sector and this development aligns with our focus on investing in high-quality assets in desirable communities like Fiore," said Dave Esrig, Co-President of JPMREIT. "This new, purpose-built, dedicated rental community of single-family townhomes provides families with an alternative to home ownership, in communities where they might otherwise be priced-out of buying in the current market environment."

The townhomes will be conveyed to JPMREIT on a rolling basis in multiple tranches containing approximately 18-36 townhomes per closing. Final completion is expected to occur in August 2024.

About J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT)

JPMREIT leverages J.P. Morgan Asset Management's more than 60 years of real estate investment experience and invests in stabilized, income-producing assets positioned to benefit from the way people live, work and consume in the new economy. JPMREIT is externally advised and sponsored by J.P. Morgan Investment Management Inc.

Forward-Looking Statements. This press release contains forward-looking statements about the business of JPMREIT. These forward-looking statements can be identified by the use of forward-looking terminology such as "expect," "continue," "may," "will," "should," "anticipate," "intend" or other similar words or the negatives thereof. These may include statements about plans, objectives, intentions and expectations with respect to JPMREIT's real estate investments, expected real estate acquisitions and future closings of the Fiore townhomes. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. We believe these factors include but are not limited to those described under the section entitled "Risk Factors" in JPMREIT's annual report for the most recent fiscal year, and any such updated factors included in JPMREIT's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in JPMREIT's public filings. Except as otherwise required by federal securities laws, JPMREIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $2.9 trillion (as of 9/30/2023), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $317 billion in stockholders' equity as of September 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

SOURCE J.P. Morgan Asset Management

Located just south of Sarasota, but not quite as far south as Fort Myers or Sanibel Island, Venice sits in a sweet spot along Florida's southern Gulf Coast that makes it the perfect destination for anyone looking to make the most of 14 miles of stunning white sand beaches.

In addition to those beautiful beaches, Venice is also known for all kinds of exciting ways to enjoy the great outdoors. It is a fabulous destination for boomers interested in exploring arts and culture, boutique shopping, or a wide range of outstanding restaurant choices.

Venice History

The area that would eventually become Venice, Florida was originally named Horse and Chaise. However, it was renamed by Frank Higel in 1888 because it reminded him of Venice, Italy where he spent time as a child.

Sometime around 1916, John Nolan was brought in as a city planner to turn this naturally beautiful area into a well-planned Gulf Coast paradise. Then, when the area was connected to nearby Tampa and Miami in the early 1920s, the population began to grow at a rapid pace.

Venice was also the winter home of the famous Ringling Brothers Barnum & Bailey Circus during the 1950s, and the creation of the Intracoastal Waterway in the 1960s attracted even more people to the area.

Getting to Venice

If you are flying in to Venice from somewhere else in the country, the Sarasota/Bradenton Airport (SRQ) is probably going to be your best bet. It is about 20 miles north of Venice. Other options include Punta Gorda Airport (PGD) about 30 miles away, Southwest Florida International Airport (RSW) in Fort Myers and Tampa International Airport (TPA) are both about 60 miles away.

If you are driving, Venice is just a short detour off of I-75.

Cost of Living in Venice

With a cost of living index of 101.3, Venice comes in just slightly higher than the national cost of living baseline of 100, but it is also just slightly lower than the average cost of living for Florida.

Venice Weather

Here’s a look at the average low and high temperatures in Venice throughout the year:

Venice Area Healthcare

There are plenty of healthcare options close by. Sarasota Memorial is the biggest hospital in the area but other options include Sarasota Memorial Hospital – Venice, HCA Florida Englewood Hospital, HCA Florida Fawcett Hospital, and more.

Venice Lifestyle

Everything about the Venice lifestyle revolves around enjoying the great outdoors in one way or another. There are so many different parks tucked into various corners of town that even the most experienced locals have trouble making use of all of them.

Residents have their choice of great options like taking their dogs to Paw Park, enjoying daily music at the gazebo or splashing in the fountain at Centennial Park, playing pickleball at Bypass Park, or checking out The Monty Andrews Arboretum at West Blalock Park.

If a day at the beach is what you're after, you've got plenty of options in Venice, including Venice Beach, Chauncy Howard Park, North or South Brohard Parks, or just explore a little off the beaten path and discover your own strip of Venice beachfront paradise.

Shark Tooth Hunting

Speaking of beaches, no article about things to do in Venice would be complete without mentioning a favorite pastime of both locals and tourists: shark tooth hunting!

Venice bills itself as “The Shark Tooth Capital of the World” and celebrates that designation with an annual Sharks’ Tooth Festival each year.

From Venice Magazine:

“The waters around Florida were always rich with sharks, including the extinct megalodon—the largest shark that ever lived. And that means the waters were rich with sharks’ teeth, too. Sharks’ mouths are full of teeth—some have as many as 15 rows of teeth—and they produce and lose teeth constantly. A single shark might lose 50,000 teeth in its lifetime. And the shallow and sedimentary conditions of Venice allowed for the creation of thick fossil beds. Wave action exposes and erodes the fossil layer and deposits the teeth and bones daily on our beaches.”

Venice Culture

While many residents make the decision to live in Venice because of the lifestyle, one of the things that keeps them happy while living here is a thriving cultural scene.

Anyone who has a passion for the performing arts will gravitate towards the regular entertainment at the Venice Theatre, but that's not all that Venice has to offer. There is also the Venice Performing Arts Center where you can find The Venice Symphony, and The Venice Chorale.

On top of that, there is also a wealth of history and culture on display at the Venice Museum & Archives and The Venice Art Center.

Venice Shopping

Because of its reputation as a Florida Main Street City, shopping in downtown Venice is always going to be an enjoyable experience.

You can spend an entire day browsing through local boutique shops like Mother's Cupboard Spice Shoppe, Coppola Artistica, and the Venice Olive Oil Company.

There is also an excellent farmers market every Saturday morning right outside of city hall.

Venice Dining

Venice is also home to a wide variety of dining options featuring everything from hot dogs to white-linen fine dining.

If you're looking for something on the hot dog side of that spectrum, Mad Dogs should be your first stop. Get yourself a Coney Island Dog there!

For something a little nicer, but still casual enough for sandals, options like Blu Island Bistro and BrewBurgers Pub & Grill offer the perfect mix of outstanding food in super informal environments. Both restaurants are best known for their burgers, but BrewBurgers also has an exceptional Blackened Grouper Sandwich.

If fine dining right on the beach is what you are in the mood for, you can find exactly that at Fin's at Sharky's. This is a steakhouse “with a serious seafood side” that boasts some mouth-watering specialties that will keep you coming back over and over again. In my humble opinion, the best Italian restaurant in Venice is Made in Italy.

Where to Retire in Venice

Being just an hour south of Tampa and about the same distance from Fort Myers means Venice is surrounded by a bunch of great 55+ communities for you to consider. One community you should definitely check out is Boca Royale.

Located just south of Venice in Sarasota County, Boca Royale Golf & Country Club offers a rare lifestyle that feels more like a vacation than the everyday. Residents of the gated 1,000-acre community enjoy a full line of fun and fitness amenities, including an 18-hole par 72 golf course. A beautiful amenity center and clubhouse round out the community. The community offers both single-family homes and attached villas.

You can request more information about Boca Royale right here:

Final Thoughts

With all kinds of outdoor activities, a first-class arts and culture scene, great boutique shopping, and more than a few excellent restaurants, it isn't hard to see why Venice is such a popular choice among boomers looking to relocate along the Gulf Coast. The only thing missing from this perfect town is you!

"It's acrid and it becomes almost unbearable. It burns the eyes," one neighbor said.

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VENICE, Fla. — The Florida Department of Environmental Protection is looking into a report of a "pungent gas smell" coming from a concrete plant in Sarasota County.

The neighbors who live in the Toscana Isles subdivision located near Gene Green Road and Knight's Trail say they've been dealing with a lot more than the odor from several plants next door.

A sound barrier wall was built as a buffer between the neighborhood and a major industrial zone, but concerned neighbors say it's not doing much when it comes to keeping out noise, air, and light pollution from concrete and asphalt plants on the other side.

"There's three major factories here, from cement plants to asphalt plants and then there's also a third plant which is a rock crusher," Venice resident Vance Delong said.

Several neighbors said all of that, plus the several trucks that go up and down Gene Green Road, make their home environment a very noisy and uncomfortable place.

"In the morning when they start up, they use heat in whatever process they're doing and it creates a smell and odor," neighbor John Herlihy said.

Herlihy said he lives several streets from the buffer wall and doesn't get heavily impacted except when the weather plays a role.

"We can see the smoke from the plant in the morning and if the wind is in our direction we will get the odor," he said.

"Especially with the asphalt, it's acrid and it becomes almost unbearable. It burns the eyes and nose and you have to go inside or I oftentimes just leave," Delong said.

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The neighbors said they were also plagued with dust blown from the plant sites.

"I have issues with my solar system. I have to have it sprayed off quite frequently because the dust builds up. I have issues with my pool filter. It's pretty much black. I clean it monthly without even being used, it's just quite dirty," Delong said.

At least one neighbor frustrated by the situation has reported the matter to the State's Department of Environmental Protection for action.

"Concrete plant is running late into the night and producing a ton of pungent gas smell in the surrounding residential areas," the notice read.

10 Tampa Bay reached out to the various plants to find out what they knew about the complaint.

According to managers on some of the sites, they had not yet been notified of any complaint by the DEP or the county. They also added that they are up to code on emissions and follow the applicable ordinances for their operations.

The plants have been around since 1995 when the area was just swampland before the boom of housing developments.

"These people knew about it when they moved in. They signed a disclaimer that said they knew what was on the other side of that fence," Herlihy said.

"They notified us that there was the facility. They didn't tell us what the facility was. They didn't tell us about the smell. It was not made clear how much of an impact it would have," Delong said.

The residents are hoping the DEP can intervene to keep the pollution at a minimum or the area can be rezoned

"It's not nice to be around asphalt plants and cement plants. Eventually, civilization and urbanization are going to encroach on them and they'll have to move somewhere else," Herlihy added.

As part of its investigation, the DEP will be looking into the direct source of the smell that was reported last night as well as other complaints from the residents.

A Sarasota County spokesperson said they are yet to receive a notification of the complaint but representatives plan to reach out to the concerned citizen directly and conduct their own investigation.

Commissions we earn from partner links on this page do not affect our opinions or evaluations. Our editorial content is based on thorough research and guidance from the Forbes Health Advisory Board.

With its temperate climate, vibrant arts community and strong local health care options, Venice, Florida, attracts older adults seeking a warm and accessible place to live. In fact, Kiplinger, a publisher of personal financial advice and business forecasting, included this Gulf Coast city in its 2019 list of the top 10 great places to retire for your health.

Located 19 miles south of Sarasota, Venice has 14 miles of sandy beaches. The city’s piers and marinas also provide opportunities for fishing and boating. Numerous tropical plants, water birds and other wildlife can be found in the city’s parks.

Venice is also home to numerous assisted living residences, adding to its appeal for older adults. Read on to learn more about the assisted living landscape in Venice and determine whether it may be a good fit for you or a loved one.

Assisted Living in Venice, Florida

The population of Venice is just over 27,000 people, 61% of whom are at least 65 years old, according to recent U.S. Census Bureau estimates^[1]. There are also 19 assisted living communities within the city of Venice, per FloridaHealthFinder, a service of Florida’s Agency for Health Care Administration. Collectively, these facilities are licensed to house a total of 1,431 residents.

Assisted living facilities in Florida may care for anywhere from one to several hundred residents at a time. According to state regulations, assisted living facilities must provide housing, meals, personal care, medication assistance, supervision, transportation assistance and health monitoring, among other services, to their residents.

Florida uses four assisted living licenses to differentiate types of care provided by these facilities:

Florida state regulations require assisted living communities that offer memory care to provide 24/7 security and supervision, as well as host regular activities designed for people with cognitive impairment. These facilities are also required to train staff on how to best care for people with Alzheimer’s disease.

Visit Florida’s AHCA Consumer Guide for more information regarding rules and regulations its assisted living communities must follow.

The Cost of Assisted Living in Venice, Florida

The estimated median monthly cost of assisted living in the North Port area of Florida (which includes Venice) in 2023 is $4,397, according to the Genworth Cost of Care survey. This amount is slightly higher than the estimated median monthly assisted living cost for the state of Florida in 2023 ($4,244) and lower than the estimated 2023 U.S. median ($4,744)^[2].

Some assisted living communities add “level of care” costs to monthly rent prices to meet the specific needs of each resident. Communities may use a tiered system that aggregates typical add-ons with a set price for each tier or a fee schedule that assigns a point and dollar value to each additional task, explains Andrea Baltes of Elison Assisted Living of Bella Vita in Venice. Meanwhile, some communities’ monthly fees are all inclusive.

Assisted living costs vary significantly from one locale to another, but regardless of where you live, it’s best to plan ahead for the expense. Medicare only helps pay for the medical costs a person incurs while living in an assisted living community, which leaves room, board and personal care costs to the individual. Private health insurance providers often have similar limitations.

However, long-term care insurance can help cover the daunting costs associated with assisted living. Specific benefits vary depending on the policy and policyholder, so if you already have long-term care insurance, review your benefits carefully before attempting to apply them to assisted living costs. If you don’t already have a plan, compare how coverage differs from one provider to another as you shop around.

Veterans should connect with the U.S. Department of Veterans Affairs (VA) to see if they’re eligible for Aid & Attendance (A&A) benefits. This monthly stipend can be used toward the cost of a long-term care or assisted living facility.

For those who qualify, Medicaid can also help cover some costs associated with residing in an assisted living community.

Top Assisted Living Communities in Venice, Florida

Not sure where to start your search? Here are five facilities in the Venice area to consider.

Note: This snapshot is just a starting point and by no means represents all options worth considering in Venice, Florida. Anyone interested in exploring assisted living options should also call and visit the facilities to get the best feel for which would fit your needs and preferences.

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What Experts Say

When considering assisted living options, it’s important to prioritize the type of care you or your loved one requires. Scott Miller, a certified senior advisor of Florida Senior Consulting, cautions residents and families to focus more on the care that a facility can provide and less on showy amenities. “While the communities are called ‘assisted living,’ the goal is for residents to maintain independence as long as possible,” he says.

Local certified senior advisors know the benefits and drawbacks of each facility and can help narrow down the search to meet a prospective resident’s temperament, preferences and medical needs.

Both Miller and Baltes stress the importance of a facility’s ability to retain staff, which enables residents, families and staff to form lasting relationships and signals good morale and leadership. “Staying well staffed wins in assisted living,” says Miller.

Blake Anderson, executive director of A Banyan Residence, recommends that families acknowledge the “middle ground” between assisted living and memory care when choosing a facility. An older adult may not be in danger of wandering away from a facility, causing self-harm or harming others at the time they move into a facility, but they may experience mild cognitive decline at some point that requires extra attention. In these cases, a facility that integrates assisted living with memory care may be a better long-term option, minimizing disruption should the resident’s cognitive health decline.

Free Assisted Living Resources in Venice, Florida

Older adults living in Sarasota County (which includes Venice) have access to a wealth of free resources geared to their needs.

How to Find the Best Assisted Living in Venice, Florida

There are several ways to find the best assisted living community to meet your needs, but most experts suggest prioritizing high-quality care, budget limitations, accessible community design and engaging community life. Assess these elements personally and directly by scheduling in-person tours or visits. Some communities allow for brief overnight stays as well to help prospective residents determine if a community is a good fit for them.

During such visits, ask lots of questions to residents, visiting family members and staffers alike. Dig into the extent of medical care the community offers onsite, as it can vary significantly across the industry. Check out the amenities of the rented rooms or suites, as well as those present in common areas. Get a feel for how easy it is to navigate the community physically and what challenges might arise should you choose to live there. Speak with current residents to learn about how they like their home and what struggles they face.

No place or space is perfect, but it’s always wise to get a clear feel for a community before signing on the dotted line.

Learn More About Assisted Living In Your Area

Frequently Asked Questions (FAQs)

VENICE, FLORIDA - In search of a seventh straight win, the Venice Indians stuck to what has worked for them: Playing balanced offensively.

Keeping IMG Academy White's defense off balance with an uptempo offensive attack and working the ground and pass game, the Indians have their sights set on finishing the regular season strong.

Venice compiled 462 total yards of offense as they defeated IMG Academy White 43-0 Friday night at Powell-Davis Stadium. The Indians moved to 7-2 on the season and the Ascenders fell to 7-1.

John Peacock's group started fast and furiously offensively, scoring on the game's opening offensive series. A pair of 20-plus yard runs by Colorado commitment Jamarice Wilder (six carries, 68 yards) led to the Indians scoring on a 25-yard touchdown pass from quarterback Jadyn Glasser (Central Michigan commitment) to running back Chad Fleming.

Finding their groove offensively has never been an issue for the Indians as they entered the game averaging a cool 43.6 points per game.

Venice extended its advantage late in the first quarter when Glasser (15-of-26, 209 yards) connected on a 36-yard touchdown pass to wide receiver Griffin Gisotti to go up 15-0. It was the 2-point play afterwards that silenced the packed crowd on hand.

Indians’ quarterback Ryan Downes went down with a leg injury and the game was paused for near 15 minutes before he was carted off the field. The entire team surrounded Downes before he was carted and gave the thumbs up to everyone in attendance.

"It kind of affected our whole team there for a little bit," Peacock said. "(Ryan Downes) is one of the kids that's worked his tail off throughout the entire off-season. I know it affected the kids. It affected me. That really hurts us and more than just being a football player. He's just a great dude."

The Indians would continue to pour it on in the first half and made it 22-0 when running back Alvin Johnson entered the scoring frenzy, punching it in from four yards out. Johnson would lead all rushers with 134 yards on 12 carries, scoring two touchdowns on the night.

For IMG Academy White, it was tough sledding the entire way for quarterback Ely Hamrick and running back Clay Ash (West Virginia commitment). Hamrick finished the evening with under 40 yards passing and Ash ended with a team-high 124 yards on 13 attempts.

Hamrick ended up going down with a leg injury just before halftime and senior back quarterback Alex Neura would enter the game. The Ascenders would never threaten to score in the second half as they finished with under 200 yards of offense.

The shutout win for the Indians marks just the second time they've held the opposition to zero points. Next Friday, Venice will welcome a tough Clearwater Academy International club that has notched wins recently over Lakeland and Sarasota Riverview. Both are teams the Indians are very familiar with.

"We try to schedule tough teams every week," Peacock added. "Obviously you can't schedule your district games, but you can't make everyone play ya. We are all about competition."

Vote: Who has been the top running back in Florida so far this 2023 football season?

Vote: Who is the North Central Florida midseason Offensive Player of the Year?

Vote: Who should be the Florida Panhandle Midseason Offensive Player of the Year?

-- Andy Villamarzo | villamarzo@scorebooklive.com | @sblivefl