MASON, Ohio — CA Senior LLC (CAS) has entered into a joint venture with an affiliate of Goldman, Sachs & Co. to develop a 101-unit senior housing community in the Cincinnati suburb of Mason.
The community will contain 68 assisted living units and 33 memory care units. It is scheduled to open in summer 2017. Senior Lifestyle Corp. will manage the community.
The community represents the first project in a 14-community pipeline for the joint venture.
Evercore Partners acted as financial advisor to CAS in the formation of the joint venture. Polsinelli acted as legal adviser to CAS.
Goldman Sachs will serve as a capital provider in the joint venture.