As our aging population continues to grow, the need for quality senior housing facilities will continue to grow as well. Brydant has focused on integrating best-in-class senior care, design, user experience, operations, and economic efficiencies within this rapidly expanding market segment for long term sustainability.
Where Senior Housing Investments Are Headed
With interest growing in health care real estate, investors could increasingly partner together to raise money for development projects and acquisitions and continue the upward trend in senior housing construction. The National Council of Real Estate Investment Fiduciaries said the value of senior living apartment complexes surged 18.7% in 2014, outperforming retail (13.1%), office (11.5%) and apartment (10.3%) value increases.
With supply expanding, real estate companies are confident that demand will continue to grow without reaching its peak for decades. Jacob Gehl, managing director at Blueprint Healthcare Real Estate Advisors, predicted peak senior housing demand will hit in 15-20 years.
SOURCE: RealtyMogul.com , The Senior Housing Market Outlook 2015
Brydant Senior Living Projects
Senior Housing Development in Amarillo, TX
Brydant Development Services partnered with Group 15 Investments LLC (Amarillo, TX) to finalize the design and financing of a stalled Senior Living project in Amarillo, TX. Brydant contracted a new market study which proved to be very strong and determined financial feasibility. The project will consist of 98 Independent Living Units, 42 Assisted Living Units, and 36 Memory Care Units. This Healthcare Campus is estimated at $65,000,000. This project will be financed using a tax exempt bond approach. Dekker Perich Sabitini Architects (Albuquerque, NM) have been engaged by Brydant and CORE Construction (Phoenix, AZ) will be the Design Build Contractor. Construction commencement is set for October 2017.
New Regional Healthcare Development in Dallas County, TX
Brydant Development Services and The Peachtree Foundation of Texas have teamed together to bring this exceptional healthcare development to fruition. The Verde Center at Peachtree will be a highly amenitized 60 acre mixed-use medical campus located on I-635, (the “LBJ Freeway”), within the City Limits of Mesquite, Dallas County, Texas. At full build-out it will consist of a $230 million patient-centered medical campus designed to meet the unique needs of Mesquite and the eastern Metroplex. It will feature a state-of-the-art center for integrative health and wellness and will be co-anchored by a regional acute care hospital.
The project is a true public-private venture and is funded, in part, by financial incentives provided by the State of Texas, City of Mesquite, and the Brydant Development Financing Model. It is being developed by seasoned professionals in collaboration with a consortium of like-minded healthcare providers with strong commitments to excellence and a team approach to community health and well being.