ORCHARD PARK

The Orchard was developed as a ground up, stand-alone Assisted Living and Alzheimer’s community which opened in January of 2015 in the Houston suburb of Katy, TX. After a rapid lease up and stabilization at 100% occupancy, the Community was sold in 2017 to an operating REIT for more than 5x multiple on cash invested. A joint venture investment was also made to develop and own 5 Assisted Living and Alzhemier’s communities in Texas using nonrecourse assumable HUD debt.