Capitol Seniors Housing Announces Four New Communities To Open in 2015
$90M investment yields more than 250,000 SF of new seniors housing nationwide
WASHINGTON, Feb. 12, 2015 /PRNewswire/ -- Capitol Seniors Housing today announces it is opening four new communities in 2015, representing an investment of $90M in new senior housing communities. This investment capitalizes on Capitol Seniors Housing's position as a national leader in the investment and development of seniors housing real estate. Each community features a combination of assisted living and memory care residences and is designed to provide a high quality of life for residents and superior returns for investors.
"The senior population is growing at twice the national average, with many baby boomers entering retirement. We are at the forefront of adding brand new, state of the art communities to cities and towns that seniors call home," said Scott Stewart, Founder and Managing Partner for Capitol Seniors Housing.
Communities opening in 2015 include:
| Name: |
Wellbrook South Bay - Torrance, CA |
| Opening Date: |
February |
| Square Feet: |
64,108 SF |
| Investment: |
$34M |
| Features: |
56 assisted living and 14 memory care residences and an |
| Name: |
Arbor Terrace at Citrus Park – Tampa, FL |
| Opening Date: |
April |
| Square Feet: |
77,655 SF |
| Investment: |
$20M |
| Features: |
52 assisted living, 14 bridge and 26 memory care residences |
| Name: |
The Solana Marlboro – Marlboro, NJ |
| Opening Date: |
May |
| Square Feet: |
66,341 SF |
| Investment: |
$23M |
| Features: |
54 assisted living and 25 memory care residences |
| Name: |
Arbor Terrace of Fairfax - Fairfax, VA |
| Opening Date: |
October |
| Square Feet: |
35,550 SF |
| Investment: |
$15M |
| Features: |
48 memory care residences |
"Each of the communities will feature design and architecture that tie-in to their immediate surroundings. They are also being constructed to the highest specifications to ensure seniors' comfort and safety," added Joe McElwee, Capitol Seniors Housings Principal of Development.
Located in Washington, DC, Capitol Seniors Housing is a real estate private equity firm with an exclusive focus on acquiring and investing in the development of seniors housing communities. Since 2003, Capitol Seniors Housing has invested more than $1.0 billion on behalf of its joint venture partners and amassed a nationwide portfolio of more than 50 seniors housing real estate assets. The company has realized a combined gross profit of $335 million for its investors and an overall portfolio IRR in excess of 52%.
For more information visit www.capitolseniorshousing.com.
Media Contact:
Stephanie Orton Lynch, EVP, Delucchi Plus
202.248.5855 | [email protected]
SOURCE Capitol Seniors Housing
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