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Dc-Area Senior Housing Development Receives $300 Million In Construction Financing Advised By Walker & Dunlop

Oct 18, 2021•over 3 years ago

Amount Raised

$300 Million

Description

Walker & Dunlop, Inc. announced today its role in $300,000,000 in construction financing for The Mather, a new luxury Life Plan Community located in Tysons, Virginia. The transit-oriented project will comprise two buildings with 300 independent living apartment homes, 16 assisted living apartments, 20 memory support suites, and 42 private nursing suites that will be built in two phases, with the first phase projected to open in early 2024.

Company Information

Company

Housing Development

About

The firm also has significant experience in the senior housing space, originating nearly $600 million of seniors housing, skilled nursing, and healthcare transactions through various capital sources in 2020. The transit-oriented project will comprise two buildings with 300 independent living apartment homes, 16 assisted living apartments, 20 memory support suites, and 42 private nursing suites that will be built in two phases, with the first phase projected to open in early 2024.DC-Area Senior Housing Development Receives $300 Million in Construction Financing Advised by Walker & DunlopWalker & Dunlop's Jonathan Schwartz, Aaron Appel, Ari Hirt, Sean Bastian, and Taylor Geiger served as strategic advisors for Tysons LPC, LLC, a 50/50 equity partnership between Mather and Westminster Capital.

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