Development

CHICAGO–Green Courte Partners, LLC announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCP” or the “Company”), has acquired a portfolio of three independent living facilities located in suburban Detroit, Michigan. GCP is building a portfolio of high-quality age-restricted apartments and independent …

MIDLOTHIAN, TX–Civitas Senior Living, a fast-emerging company in the senior living industry, announced on November 1st plans to develop a new senior housing community in Midlothian. The property, Legacy Oaks at Midlothian will feature 90 independent living residences, 54 assisted living and memory care apartments and 12 cottage-style homes. Civitas …

GRAPEVINE, TX–On October 15, Civitas Senior Living was awarded the management agreement for Dancing River Assistant Living, a senior living community in Grapevine, Texas. The acquisition includes 65 assisted living and 19 memory care apartments and expands the company’s emerging presence in the region. “This is another great opportunity to …

LOUISVILLE, KY–Top-of-the line independent, assisted living, and memory care residences will be offered at the $20 million The Grand of Prospect, a luxury senior living community in Louisville. The community will be located on 14.8 acres at 5217 Chamberlain Lane near Norton Commons, at the northeast corner of US-71 and …

MADISON, AL–Cobalt Seniors and Shepherd Health announce Shepherd Living at The Range, an upscale 124-resident community offering spa-like living on roughly 14 lush acres in Madison, a growing suburb of Huntsville, Alabama.  The joint venture has purchased the property from NitNeil Partners and is developing the community with architectural firm …

VERO BEACH, FL–Watercrest Senior Living Group gathered with city officials, development, construction, and design partners to celebrate the ceremonial groundbreaking of Watercrest of St. Lucie West Assisted Living and Memory Care Community in Port St. Lucie, Florida. The 128 unit senior living community will open in the fall of 2017 …

MELISSA, TX–Gardner Capital Development has been awarded a $1.3 million reservation of affordable housing tax credits from the Texas Department of Housing and Community Affairs to develop 93 independent, mixed-income, senior residences in the Melissa community of Texas. This $16+ million community will include a main three-story building with elevators …

LITTLE FALLS, NJ–Atrium Health & Senior Living, a provider of premier healthcare for residents and patients at every stage of senior life, announced today that it has acquired the land and has commenced construction of a new post acute care center and senior living community in Livingston, NJ on the …

VERO BEACH, FL–Watercrest Senior Living Group announces the development of Watercrest of St. Lucie West Assisted Living and Memory Care Community in the rapidly expanding city of Port St. Lucie, Florida. The 128 unit senior living community, architected by D2 Architecture, will open in the fall of 2017 featuring resort-style …

CHICAGO–Green Courte Partners, LLC  announced today that its fourth fund, Green Courte Real Estate Partners IV, LLC and its affiliates ("GCP" or the "Company") has acquired its first two senior housing communities.  GCP is actively building a portfolio of age-restricted apartments and independent living communities to meet the growing needs …