BOYNTON BEACH, Fla. — CBRE Senior Housing has arranged construction financing for Anthology Boynton Beach, a Class A, 130-unit senior living community located in the South Florida city of Boynton Beach.
Aron Will, Austin Sacco and Tim Root of CBRE Senior Housing arranged the financing on behalf of a joint venture between Anthology Senior Living and Harrison Street. The community will be operated Anthology, CA Ventures’ vertically integrated senior housing platform.
Situated on a 5.3-acre site near the heart of Boynton Beach, the community will be a part of a larger, master-planned development named Main Street at Boynton, which will feature 70,000 square feet of commercial space, including a Sprouts Farmers Market.
Anthology Boynton Beach will comprise 98 assisted living units and 32 memory care units. Additionally, the community will be near several medical facilities including Bethesda Hospital West, an 80-bed inpatient/outpatient hospital, and Bethesda Hospital East, a 401-bed inpatient/outpatient hospital.
CBRE secured a five-year, floating-rate loan with 42 months of interest only payments through a regional bank.