Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.
Issue link: https://seniorshousingbusiness.epubxp.com/i/484276
16 www.seniorshousingbusiness.com Seniors Housing Business n February-March 2015 Development investment of $90 million. Each community features a combination of assisted living and memory care residences. "The senior population is grow- ing at twice the national average, with many baby boomers entering retirement," says Scott Stewart, founder and managing partner of the company. "We are at the fore- front of adding brand new, state-of- the-art communities to cities and towns that seniors call home." The four communities are: Wellbrook South Bay, Torrance, Calif. Opened: February 2015 Square Feet: 64,108 Investment: $34 million Units: 56 assisted living and 14 memory care residences and an additional freestanding memory care facility with 39 residences Arbor Terrace at Citrus Park, Tampa, Fla. Opening: April 2015 Square Feet: 77,655 Investment: $20 million Units: 52 assisted living, 14 bridge and 26 memory care residences The Solana Marlboro, Marlboro, N.J. Opening: May 2015 Square Feet: 66,341 Investment: $23 million Units: 54 assisted living and 25 memory care residences Arbor Terrace of Fairfax, Fairfax, Va. Opening: October 2015 Square Feet: 35,550 Investment: $15 million Units: 48 memory care residences Located in Washington, D.C., Capitol Seniors Housing is a real estate private equity frm with an exclusive focus on acquiring and investing in the development of seniors housing communities. Skilled nursing construction planned for Katy, Texas Katy, Texas — Medistar Corp. has selected Satterfeld & Pontikes Construction to construct an 80-bed skilled nursing facility at Katy Fort Bend Road and Colonial Parkway in far west Harris County. Work on the 60,000-square-foot building is scheduled to begin early this year. Construction is expected to take approximately 11 months. Architect Davis Stokes Collab- orative PC of Brentwood, Tenn., designed the $12.3 million Kindred Parkwest Skilled Nursing Facility. The fve-acre site will have room for future expansion to 120 inpa- tient rooms. The two-story building will fea- ture a structural steel frame and an exterior façade of synthetic stucco, brick and stone. A separate genera- tor with a weatherproof enclosure will be installed to provide emer- gency power. Medistar is a full-service real estate development company that specializes in the design, develop- ment, fnancing and construction of offce buildings and other facilities for the healthcare industry. Dominion Partners developing communities in Florida, Georgia Peachtree City, Ga. — Dominion Partners, a developer of senior living properties across the South- east, has two projects underway in Georgia and Florida. Somerby of Peachtree City seniors living community in Peach- tree City was split into two phases of construction. Phase I, currently in lease-up, has 72 assisted living and 24 memory care apartments. Wellbrook South Bay in Torrance, Calif., is the frst of four developments scheduled for opening by Capitol Seniors Housing this year. UNDER EXPANSION To help you grow your business Now offering an expanded set of capital solutions for senior housing and care providers: • Bridge, mezzanine and term debt • Construction fnancing • Preferred equity • Sale-leaseback funding • Mergers and acquisitions • Agency fnancing • Loan syndication and placements • Public bond offerings Lancaster Pollard Mortgage Company is a Fannie Mae/GNMA/HUD-FHA/USDA approved lender. Lancaster Pollard & Co., LLC is a registered securities broker/dealer with the SEC and a member of FINRA, MSRB & SIPC. Continued from page 14