The development of this senior living property was part of a investment commitment to a portfolio of up to six ground-up senior living properties nationwide. Quail Park of Lynnwood was the final of the six investments. Unlike the prior five properties in this portfolio, the Lynnwood development is an expansion to an existing property: Phase II which will add 92 assisted living units, and Phase III which will include 14 duplex cottages adding 28 independent living units.
PROJECT TYPE: Expansion of Existing Senior Living Property
LOCATION: Lynnwood, TX
EXISTING SIZE:
85 Assisted Living Beds & 45 Memory Care Beds
EXPANSION SIZE:
92 Assisted Living Beds & 28 Independent Beds
TOTAL SIZE: 250 Total Units on 15+ Acres
STATUS: Under Development
DEVELOPMENT PARTNER: CA Senior
CAPITAL PARTNER: Goldman Sachs