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| Village Green Alzheimer’s Care Home Spring, TX |
The Class A facility has 16 beds and was completed in June
2018. The property is leased for 15 years on an absolute net basis to Village
Green Alzheimer’s Care Home with a personal guarantee from the owners of
the practice for the entire term of the lease.
“This memory care facility was purchased in an all-cash
transaction for a Delaware statutory trust offering, providing investors with
the opportunity to own the real estate without any mortgage debt,” said Louis
Rogers, founder and chief executive officer of Capital Square 1031.
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| Louis Rogers |
Located at the intersection of Spring Cypress Road and
Champion Forest Drive, Village Green Alzheimer’s Care Home includes 16 private
suites, designed to create a home-like setting that promotes a higher quality
of life.
The property was constructed to provide greater security for residents and deliver specialized care, tailored to each resident, and permits residents to age in place.
The property was constructed to provide greater security for residents and deliver specialized care, tailored to each resident, and permits residents to age in place.
Rogers added, “Village Green Alzheimer’s Care Home is
well-located near several dense residential developments in Greater Houston,
the fifth largest metropolitan area in the country.
"The property’s strong location coupled with the
current growing demand for assisted living and memory care facilities in the
country position it as an opportunity for capital appreciation and a valuable
addition to our national real estate portfolio.”
Village Green Alzheimer’s Care Home specializes in the care
of seniors who have Alzheimer’s, dementia and other memory impairments. The
facility was constructed with secure exterior doorways, increased space for
activities inside and outside the community, as well as a courtyard and
independent areas.
Additional community amenities include security, a 24-hour
staff, wheelchair accessible showers, swimming pool, hot tub and more.
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| Matt Bear |
Capital Square was represented in its acquisition of the
property by Matt Bear, founder and chief executive officer of Bear Real
Estate Advisors.
Rogers said, “Capital Square would like to thank Matt and
Bear Real Estate Advisors for sourcing another high-quality, newly-constructed
medical property that closed in record time without any issues.”
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