Madison Marquette Expands Senior Living Platform with $37 Million Development in Punta Gorda, FL

Planned 135-bed Senior Housing Project
 Punta Gorda Isles, FL

 

PUNTA GORDA, FL -- Marquette, a national private fully-integrated real estate services provider, investment manager, developer and operator, announced the closing of a major construction loan and the start of the development in partnership with Saudi based Arbah Capital on a 135-bed senior living facility located in Punta Gorda Isles, Florida. 

Mahmood Al-Kooheji

This transaction marks the continued leadership of Madison Marquette in the senior living space – with the company recently having also developed with Arbah Capital a 117,000 square foot, 144 bed community in Brandon, in the Tampa market and invested in additional projects across the country.

 

Madison Marquette partnered with Arbah Capital and Meridian Senior Living to secure the equity capital for the two Florida projects.

 

Mr. Mahmood Al-Kooheji, CEO of Arbah Capital, said “In these very unfortunate times, we still need to build for the future and provide facilities which truly take care of our elderly, which is an ever-growing need.

 

"This crisis has shown the even greater need for services to be provided with the greatest professionalism and care, and we are very pleased to partner with Madison Marquette as our developer, and Meridian Senior Living, our operator, whose facilities have been exemplary in the way they have coped in these difficult times."

Amer Hammour

“We believe that senior living needs will be an integral part of the nation’s healthcare delivery system going forward,” said Amer Hammour, Chairman of Madison Marquette.

 

 “As such, providing quality housing and service is a growing area of focus for our company and an important step towards building value-based care and value-based investment for our stakeholders.

 

"We are appreciative to Arbah Capital for their confidence in us and are pleased with their valuable partnership in Punta Gorda."

 Glen Perkins

Madison Marquette’s healthcare services group, headed by Glen Perkins, has successfully executed the development of more than 60 healthcare facilities in recent years. 

These facilities join the Madison Marquette family of premier, state-of-the-art developments in retail, multifamily, office, hospitality and mixed-use properties across the United States.

 

The $37 Million Punta Gorda development is slated for completion/resident move-ins beginning in early Q1 2023 and will be operated by Meridian Senior Living, a premier operator currently managing over 75 communities with 7,000 residents across the country.

 CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

meridiansenior.com.  

 

 arbahcapital.com.

 

madisonmarquette.com.