Development

JACKSONVILLE, Fla. — Watercrest Senior Living Group, a developer based in Florida, will open Watercrest of San Jose, a 90-unit assisted living and memory care community in Jacksonville, during summer 2016.

MIDVALE, Utah — KeyBank has provided a $12.5 loan for Founders Pointe Apartments, a 97-unit affordable seniors housing community being developed in the Salt Lake City submarket of Midvale.

RICHMOND, Calif. — The Pacific Cos. has opened the doors on Harbour View Apartments, a 61-unit affordable seniors housing community in Richmond, just north of Oakland along San Francisco Bay.

KATY, Texas — Blue Moon Capital Partners LLC and LCS have formed a joint venture to build The Delaney at Parkway Lakes, a 207-unit independent living, assisted living and memory care community in Katy, approximately 30 miles west of Houston.

YORK, Pa. — Presbyterian Senior Living has opened the doors on Westminster Place at Queen Street, a 50-unit affordable seniors housing community in York, approximately 100 miles west of Philadelphia.

LAKE WORTH, Fla. — Walker & Dunlop Inc. (NYSE: WD) has arranged a $68.2 million loan for the construction of Atria Villages of Windsor, a luxury independent living, assisted living and memory care community to be built in the Palm Beach County town of Lake Worth.