HFF announces $16.69 Million in joint venture equity for Sarasota, FL seniors housing development

Sarah Anderson

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces $16.699 million in joint venture equity for the development of Grand Living at Lakewood Ranch, a best-in-class, 172-unit resort-style seniors housing community in the Lakewood Ranch area of Sarasota, Florida.

The HFF team worked on behalf of the developer, Ryan Companies, US Inc., to arrange a joint venture equity partnership with Eagle Realty Group, LLC.

David R. Fasano

Grand Living at Lakewood Ranch will be situated on 5.02 acres at 7230 University Parkway in the 8,500-acre Lakewood Ranch master planned community. 

The resort-style community will comprise 82 independent living units, 56 assisted living units and 34 memory care units totaling 124,463 rentable square feet. 

 The independent and assisted living component will feature luxury finishes, including stainless appliances, granite countertops, in-unit washers and dryers, faux wood plank flooring, balconies and fireplaces. 

Community amenities will include a variety of dining options; clubroom with fireplace, bar and liquor lockers; grand lounge area; library; performance theater; and wellness spa and fitness area featuring an outdoor pool, state-of-the-art fitness equipment, yoga and group fitness room, salon and massage/exam rooms for rotating wellness providers. 

Ryan Maconachy

 The Memory Care Commons will offer a secure courtyard, lounge and living room along with a dedicated kitchen and dining venue.  Completion is expected in 2019.

The HFF team representing the developer included senior director David Fasano, director Sarah Anderson and senior managing directors Ryan Maconachy and Chad Lavender.

Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. 

Ryan’s market depth includes retail, industrial, healthcare and senior living.  Ryan development and corporate build-to-suit work spans a wide range of product types, including office, mixed-use, hospitality, multifamily housing and student housing.

Chad Lavendar

  Ryan has nearly 1,300 employees in 13 offices across the U.S. and has completed projects in 38 states.  For more information, visit: ryancompanies.com.

 For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com