KENNER, La. — Preston Hollow Capital has funded $29.2 million in bond financing for Covington Senior Care Services to construct a 127-unit assisted living and memory care community in the New Orleans suburb of Kenner.
The project, to be known as Inspired Living at Kenner, will be a three-story facility totaling 105,000 square feet.
Covington Senior Care, a Louisiana-based operator, expects construction to complete in March 2017. Validus Senior Living will manage the property.
Launched in January 2014 by former leaders of ORIX USA Corporation, Preston Hollow Capital is an independent specialty finance company.