FRISCO, Texas — Mustang Creek Estates of Frisco, an assisted living and memory care community in Frisco, has selected Felecia Wells as the community’s executive director.
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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.