Big Rock to Build New Ventas, Atria Community in South Florida

by Jeff Shaw

LAKE WORTH, Fla. — Big Rock Partners, a national real estate management and development firm, will begin construction this month on Atria at Villages of Windsor, a Class A seniors housing community in southern Palm Beach County.

Big Rock is developing the community on a 22.5-acre site in the Villages of Windsor development. The new community will offer a total of 186 independent living units, 78 assisted living apartments and a 54-unit memory care building.

Ventas Inc. (NYSE: VTR), one of the largest REITs in seniors housing, will provide equity capital and be the principal owner of the community when finished. Wells Fargo will provide construction financing. The finance advisor is Walker & Dunlop.

Gensler is providing architectural services and Moss & Associates is construction manager. Atria Senior Living, which operates 180 senior living communities throughout the U.S. and Canada, will operate and market the community.

Big Rock expects the community to open in summer of 2017.

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