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Capitol Seniors Housing Celebrates Completion of New Clubhouse and Residences at Siena, an Active Living Community in Cinnaminson Township, NJ

December 3, 2019

WASHINGTON, D.C., and CINNAMINSON TOWNSHIP, NJ– Capitol Seniors Housing, a leading senior living investment and development firm, has completed construction of a best-in-class clubhouse and two of the remaining five residential buildings at Siena, an upscale Active Living community in Cinnaminson Township, NJ.

Located at 1200 Siena Dr. across from The Shoppes at Cinnaminson, Siena is a 15-acre development and home to adults aged 55 or older. Once complete, Siena will boast 204 residences for adults aged 55 or older.  The completion of phase one of construction was celebrated on Nov. 14 with a “Salute to Hometown Heroes” grand opening event featuring a parade that included the township’s police and fire departments, local dignitaries, and the Cinnaminson High School marching band.

“Completing this major milestone is exciting for our company, Cinnaminson Township, Siena’s residents, and for older adults in the area who are seeking an Active Living community experience,” said Michael Hartman, Principal – Active Living, Capitol Seniors Housing. “Siena offers an amazing quality of life experience and Cinnaminson Township is an ideal area for retirees to live. Active Living communities like Siena are ideal for adults who are ready to downsize, want to live near neighbors like themselves, but are not quite ready for the more traditional independent senior living community.”

Capitol Seniors Housing acquired Siena in 2018. They are currently working to complete the community’s master plan that will total 12 buildings with 204 residences. When the firm acquired the community in 2018, there were 85 residences in five buildings. Capitol Seniors Housing plans to complete the remaining five buildings, each with 17 residences, by the end of the year.

Siena’s new, upscale clubhouse complements the Tuscan-inspired architecture of the community and features a fitness center, yoga studio, great room, card room and more. Outdoors, new patio areas provide more areas for residents to socialize. The property also received new landscaping and signage throughout. Residents of Siena now enjoy a full calendar of activities.

The new residences, recently completed and under construction, offer spacious two- and three-bedroom models ranging from 1,114 to 1,873 square feet. The homes feature large floor plans and well-appointed kitchens, laundry rooms and other amenities. Residences also include contemporary finishes including granite countertops, luxury plank flooring, stainless appliances and custom cabinetry.

“The completion of the Siena community aligns perfectly with the investment strategy and vision for our budding Active Living division,” said Scott Stewart, Managing Partner of Capitol Seniors Housing. “We are very appreciative of the township’s leadership. They have been tremendously supportive throughout the entire development process.”

Located off the Burlington Pike at 470 U.S. 170, Siena is ideally located within minutes of the Philadelphia bridges and near numerous shopping centers, restaurants, service retailers and country clubs. Nearby retail includes The Shoppes at Cinnaminson and five malls all within a 20-minute drive. Recreation and social activities are close by, including Pomona Swim Club as well as several country clubs including Riverton, Willow Brook and Ramblewood. Siena is 15 minutes from Cooper Hospital and Kennedy Memorial Hospital and in close proximity to Our Lady of Lourdes Hospital, Virtua Memorial Hospital in Burlington County and Deborah Heart and Lung Center.

Siena is managed by Cove Property Management, based in Annapolis, MD.

Based in Washington D.C., Capitol Seniors Housing is a private equity-backed real estate acquisition, development and investment management firm founded in 2003. Along with its capital partners, The Carlyle Group and Bain Capital, the firm has successfully acquired or developed more than 120 senior housing communities and deployed over $2.5 billion of investment capital thus far.

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