Capitol Seniors Housing to Open 4 New Communities in 2015

by Jeff Shaw

WASHINGTON, D.C. — Capitol Seniors Housing plans to open four new seniors housing communities in 2015, representing an investment of $90 million. Each community features a combination of assisted living and memory care residences.

“The senior population is growing at twice the national average, with many baby boomers entering retirement,” says Scott Stewart, founder and managing partner for the company. “We are at the forefront of adding brand-new, state-of-the-art communities to cities and towns that seniors call home.”

The four communities are:

Name:                         Wellbrook South Bay – Torrance, CA

Opening:                    February

Square Feet:              64,108

Investment:               $34 million

Units:                          56 assisted living and 14 memory care residences and an additional freestanding memory care facility with 39 residences

Name:                         Arbor Terrace at Citrus Park – Tampa, FL

Opening:                    April

Square Feet:              77,655

Investment:                 $20 million

Units:                          52 assisted living, 14 bridge and 26 memory care residences

Name:                         The Solana Marlboro – Marlboro, NJ

Opening:                    May

Square Feet:              66,341

Investment:               $23 million

Units:                          54 assisted living and 25 memory care residences

Name:                         Arbor Terrace of Fairfax – Fairfax, VA

Opening:                    October

Square Feet:              35,550

Investment:               $15 million

Units:                          48 memory care residences

Located in Washington, D.C., Capitol Seniors Housing is a real estate private equity firm with an exclusive focus on acquiring and investing in the development of seniors housing communities.

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