ROWLETT, Texas — Dallas-based real estate equity firm RCP Properties LLC and Dallas-based Matteo Realty Partners have formed a joint venture to develop a 40-unit memory care community in the Dallas suburb of Rowlett.
Situated on 3.7 acres of land, this will be the second memory care facility developed by the joint venture. The companies finished the 36-unit Iris Memory Care in Edmond, Okla., in October 2016.
Great Southern Bank of Springfield, Mo., is financing the project. The general contractor is The Law Company Inc. of Wichita, Kan. EvoLve Senior Living will manage the community.
Construction has already begun on the Rowlett project, with completion slated for late 2017.