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Stroud Sells Four Communities to ROC for Over $70M

DALLAS —Stroud Development and Stroud Investments, in a joint venture with Orchard Park Senior Living, have sold four assisted living and memory care communities in the Houston, Odessa and Austin markets to ROC Seniors Housing Fund Manager. The sale, valued at over $70 million, was financed using the HUD 232 debt program.

Big Rock and Millennium Plan $25M Community in Port Royal, S.C.

PORT ROYAL, S.C. – Big Rock Partners, a real estate investment management and development firm, and joint venture partner Millennium Real Estate Group LLC plan to begin construction in early 2016 on a $25 million upscale senior living rental development in Port Royal, just minutes from Hilton Head Island in South Carolina’s Lowcountry region.

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