JLL Arranges Joint Venture Equity for 142-Unit Development in Fredericksburg, Virginia

by Jeff Shaw

FREDERICKSBURG, Va. — JLL Capital Markets has arranged joint venture equity for development of a seniors housing community in Fredericksburg, approximately midway between Richmond and Washington, D.C.

Centric Development LLC is developing the property, which will feature 106 assisted living and 36 memory care units. The three-story, 153,000-square-foot property is situated on a 16.2-acre parcel.

The site is within an established, regional medical hub in a growing area. Completion is scheduled for 2025.

Joel Mendes, Anthony T. Fertitta Jr. and Billy Lichtenstein led the JLL Capital Markets Advisory team.

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