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SANTAFE CLOSES FINANCING, STARTS CONSTRUCTION ON $143 MILLION PROJECT

In November 2011, SantaFe Senior Living successfully closed on $143 million in financing to develop a startup continuing care retirement community (CCRC) called The Terraces at Bonita Springs. Located in Bonita Springs, Fla., The Terraces will be a 383,000-square-foot CCRC that includes 144 one-, two- and three-bedroom independent living apartments. The community will also include 48 assisted living, 40 skilled nursing and 18 dedicated memory support residences. Construction officially began Nov. 4, 2011.

Greystone is serving as development consultant. Click here to learn more about The Terraces at Bonita Springs.

 
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