WASHINGTON, D.C. — Capitol Seniors Housing plans to open four new seniors housing communities in 2015, representing an investment of $90 million. Each community features a combination of assisted living and memory care residences.
“The senior population is growing at twice the national average, with many baby boomers entering retirement,” says Scott Stewart, founder and managing partner for the company. “We are at the forefront of adding brand-new, state-of-the-art communities to cities and towns that seniors call home.”
The four communities are:
Name: Wellbrook South Bay – Torrance, CA
Opening: February
Square Feet: 64,108
Investment: $34 million
Units: 56 assisted living and 14 memory care residences and an additional freestanding memory care facility with 39 residences
Name: Arbor Terrace at Citrus Park – Tampa, FL
Opening: April
Square Feet: 77,655
Investment: $20 million
Units: 52 assisted living, 14 bridge and 26 memory care residences
Name: The Solana Marlboro – Marlboro, NJ
Opening: May
Square Feet: 66,341
Investment: $23 million
Units: 54 assisted living and 25 memory care residences
Name: Arbor Terrace of Fairfax – Fairfax, VA
Opening: October
Square Feet: 35,550
Investment: $15 million
Units: 48 memory care residences
Located in Washington, D.C., Capitol Seniors Housing is a real estate private equity firm with an exclusive focus on acquiring and investing in the development of seniors housing communities.