Caddis Acquires Seniors Housing Development in Texas

by Jeff Shaw

LONGVIEW, Texas — Caddis, a national healthcare real estate firm headquartered in Dallas, has acquired 74-unit assisted living and memory care community Fountainview Estates in Longview, about a two-hour drive east of Dallas. The acquisition price was not disclosed.

Located at 1408 Lago Trail on the city’s northwest side, the community will become part of Caddis’ Heartis brand and will be renamed Heartis Longview. 

Frontier Management, a seniors housing operator headquartered in Portland, Ore., assumed management duties upon closing.

Mike Pardoll of Marcus & Millichap’s Charlotte office brokered the deal.

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