CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, said that it will invest about $35.3 million to develop a 152-unit senior housing community in Tega Cay, South Carolina.
The community is located on more than 12.5 acres with six planned buildings totaling about 175,000 square feet. It will feature 80 assisted living units, 24 memory care units and 48 units offering skilled nursing and short-term rehabilitative services.
In addition, the community will have a resident clubhouse for dining, as well as a health and wellness center to provide residents with services designed to maintain their independence as they age.
The community will be developed by Maxwell Group, Inc.Upon completion, Maxwell will operate the community under its Wellmore brand.