CUMMING, Ga. — Atlanta-based contractor Juneau Construction Company has entered the final phase of construction for The Villas at Canterfield in Cumming, which includes a 146,000-square-foot independent living apartment facility.
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SUN CITY, Ariz. — Private equity investment firm Chicago Pacific Founders (CPF) and its affiliate CPF Living Communities have acquired The Carillons, a 79-unit senior living community in Sun City. The purchase price was $7.2 million, which was financed with equity and a loan from PNC Bank.
The seniors housing industry is extremely active on the development front so far in 2015, with no signs of slowing down. Nationally, there are 12,000 units of independent living — over four times last year’s pace — and 20,000 units of assisted living currently under construction, according to a March report from Marcus & Millichap.