Development

GEORGETOWN, Texas — Dallas-based MedCore Partners and Houston-based The National Realty Group (TNRG) have acquired 13.8 acres in the Austin suburb of Georgetown, with plans to build a 314-unit independent living, assisted living and memory care community on the property.

MCKINNEY, Texas — PMRG has acquired a plot of land in the Dallas suburb of McKinney for the development of Hidden Springs, a 200-unit independent living, assisted living and memory care community.

NOBLESVILLE, Ind. — Lancaster Pollard has arranged a $19.9 million HUD loan to fund the construction of Heritage Woods of Noblesville, a 124-unit affordable assisted living facility in Noblesville, a suburb of Indianapolis.

LAGUNA NIGUEL, Calif. — Steadfast Senior Living has started pre-leasing at Crestavilla, a 201-unit, $95.5 million independent living, assisted living and memory care community in the Los Angeles suburb of Laguna Niguel.