Acquired: 2015

Number of Units: 91

Real Capital Solutions, Inc. and its joint venture operating partner MorningStar Senior Living acquired and developed this 91-unit senior housing facility located in Fountain Hills, AZ. As a new build, first-class assisted living and memory care community, the project provides a high-quality senior living option to the established, growing and underserved areas of Scottsdale, Tempe, Mesa and the North and Eastern areas of Phoenix. The two-story, wood-construction community includes approximately 81,800 gross square feet and includes 63 assisted living rental apartments (79 beds) and 28 units (30 beds) designed specifically for residents needing special care for Alzheimer’s and other memory impairments. The project included state-of-the-art and significant amenity space and is well positioned from a location and pricing perspective to meet the substantial demand for senior housing and care in the area.