ROCK HILL, S.C. — Harbor Retirement Associates has opened HarborChase of Riverwalk, a seniors housing community in Rock Hill, just across the state border from Charlotte. The property features 63 assisted living units and 25 memory care units. Harbor has another community in the Rock Hill area, and the two will act as sister communities.
South Carolina
Hudson Capital Properties Plans 194-Unit Active Adult Community in Myrtle Beach, South Carolina
by Jeff Shaw
MYRTLE BEACH, S.C. — Hudson Capital Properties, a multifamily real estate investment and development firm focused on value-added acquisitions in the Southeast, has unveiled plans for The Retreat at Coastal Grand in Myrtle Beach. The high-end community, designed for 55-and-older residents, will feature 194 one-and two-bedroom residences. Construction is currently underway, but a timeline for completion was not released. Hudson is partnering with GHK Cape Fear Development and C&S Commercial Properties on the project. “With the combination of low taxes, reduced cost of living and warm weather, Myrtle Beach is …
GREER, S.C. — Phoenix Senior Living has formed a joint venture with Whitehall Development Group to take over operations of Thrive at Greer in Greer, approximately midway between Greenville and Spartanburg. Wells Fargo is the lending partner. Phoenix will rebrand the property as “The Phoenix at Greer.” The property features 89 units of assisted living and memory care.
NEW YORK CITY — New York-based Meridian Capital Group’s seniors housing and healthcare team has arranged $60 million in financing for two portfolios of memory care assets across Ohio, Georgia, South Carolina, Colorado, California and Tennessee. Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian negotiated the two transactions, which will refinance existing debt on the properties. In the first transaction, Meridian arranged $27.5 million for four memory care facilities totaling 264 beds in Ohio and Georgia. The five-year loan features a fixed rate and limited personal guarantees. In the …
COLUMBIA, S.C. — Watercrest Senior Living Group and Titan Development Real Estate Fund I have opened Watercrest Columbia Assisted Living and Memory Care in Columbia. The resort-style community features 75 assisted living units and 32 memory care units. LifeBUILT Architecture designed the property. Watercrest Columbia is one of two joint venture development projects between Watercrest Senior Living Group and equity partner Titan Development Real Estate Fund I. Their second project, Watercrest Winter Park Assisted Living and Memory Care, is under construction in Winter Park, Florida, and scheduled to open in …
EASLEY, S.C., RICHMOND HEIGHTS, Ohio, and NORTH CHANDLER, Ariz. — Frontline Management, in a joint effort with Onelife Investments, has acquired three continuing care retirement communities (CCRCs) totaling 782 units of independent living, assisted living, memory care and skilled nursing.