Bethesda, Maryland – January 20, 2016
Walker & Dunlop, Inc. (NYSE: WD) announced today it structured a $68,200,000 construction loan for Atria at Villages of Windsor, a class A, senior living rental community in Palm Beach County, Florida.
Developers are responding to the increased demand from the new generation of active, tech-savvy seniors with updated amenities and new approaches to the communities they are building. Big Rock Partners is at the forefront of this market, offering high quality rental alternatives to traditional senior housing complexes. Walker & Dunlop, Senior Vice President, Al Rex commented, “Big Rock Partners’ portfolio focuses on senior housing properties that give seniors greater flexibility and a complete lifestyle, with the hospitality and amenities of a resort. Our long-term relationship with the firm enabled us to provide very competitive financing for Atria at Villages of Windsor.”
Big Rock Partners Senior Managing Principal, Richard Ackerman, said, “As the seniors housing market evolves, baby boomers are looking for fresh approaches in their residential communities. Atria at Villages of Windsor reflects the new living standard that today’s seniors want. Walker & Dunlop put its expertise in funding senior housing and its quality focus to work to deliver financing that met our needs. We will continue to build our relationship with Al Rex and his team.”
Scheduled for a 2017 opening, Atria at Villages of Windsor is located on a 22.5 acre site with tree-lined grand entrances, and features an impressive lobby and light filled corridors that overlook the central courtyard. The property will feature a Spanish mission-style design with resort amenities. Atria at Villages of Windsor will include 186 independent living units, 78 assisted living apartments, and 54 memory care residences. The property is located at Lyons and Hypoluxo Roads near Lake Worth, Florida.
Big Rock Partners is a real estate investment firm based in Beverly Hills, California and Delray Beach, Florida. The firm, founded in 2004 by Ackerman, has an extensive portfolio including premier senior housing assets.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.