CA Senior Living Acquires Three-Property, 306-Unit Portfolio in Suburban Dallas

by Jeff Shaw

DENTON, PLANO and MCKINNEY, Texas — CA Senior Living LLC, the seniors housing investment and development division of Chicago-based CA Ventures, has acquired three senior housing communities in the suburbs of Dallas.

The properties acquired include:

  • The Village Assisted Living and Memory Care in Denton, offering 75 assisted living units and 32 memory care studios in Denton. The project opened in fall 2016.
  • The Village at Mapleshade, offering 92 assisted living units in Plano. The property opened in fall 2015.
  • The Village at Stonebridge, offering 75 assisted living apartments and 32 memory care studios in McKinney. The community opened in fall 2014.

An affiliate of CA Senior Living purchased the three communities from Dallas-based SRP Medical, which also developed the properties. Carlsbad, Calif.-based Integral Senior Living will continue to operate all three communities.

“The Texas properties have demonstrated strong leasing activity, which made them attractive as we were looking for opportunities to enter the Dallas market,” said Ben Burke, president of CA Senior Living. “Even as new supply is added, the long-term outlook for the sector is strong as rising single-family home prices — now at an all-time high in the Dallas area — prompt many seniors to sell [their homes and move to senior living].”

The Texas properties expand CA Senior Living’s portfolio to 14 communities currently operating or under construction, totaling approximately 1,700 units.

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