Capital One Provides $35.7M Construction Loan for 182-Unit Community in Florida

VENICE, Fla. — Capital One has provided a $35.7 million loan to Caddis to finance the construction of Heartis Venice, a 191,000-square-foot, 182-unit, three-story seniors housing community in Venice. 

Located on the Gulf Coast of Southern Florida, Venice is approximately midway between Tampa and Fort Myers.

Solvere Living will operate the community upon completion. The architect is Lantz-Boggio, and the general contractor is Freese Johnson.

Caddis, a healthcare real estate investment, development and management firm based in Dallas, has introduced 20 assets under its Heartis brand since 2013.  Heartis Venice will offer independent living, assisted living and memory care.