PHOENIX, AZ – McFarlin Group and Surpass Senior Living announced five senior living, helped living and memory care community developments in the greater Phoenix Metroplex. McFarlin Group is the developer of the properties and Surpass Senior Living is the operator. The properties consist of senior living, helped living and memory care with the first project opening later this year in Gilbert. Properties are currently under construction in Gilbert, Surprise, Mesa and Phoenix. Each property is called Mariposa Point and will use approximately 45 people at each property when completed.

The firm plans to build an additional 204 units of senior living adjacent to the Mariposa Point of Gilbert helped living and memory care community that is nearly 70% complete and opening later this year.

Mariposa Point of Gilbert is located on a 5-acre tract at 1445 E. Willis Road in Gilbert at the southwest corner of S. Val Vista Drive and Willis Road, just south of the 202 and across from Gilbert Mercy Medical Center. The property will contain 83 units and will be licensed for over 120 residents. Rebecca Dice, Executive Director and Leslie Davis, Director of Sales and Marketing were hired earlier this month to coordinate the hiring of an additional 40+ team members needed to operate the community and to pre-lease the apartments.

Mariposa Point of Surprise is located on a 6-acre tract at 16650 North Stadium Way in Surprise at the southeast corner of N Parkview Place and W. Young Street, just south of Bell Road and nearby Surprise Stadium. The property will consist of 76 units of helped living and will be licensed for over 100 residents. The property is 50% complete with construction and will open late Winter 2016.    

Mariposa Point of Mesa is located on a 6-acre tract at 1248 S. Crismon Road in Mesa at the southwest corner of E. Southern Avenue and S. Crismon Road and across from Mountain Vista Medical Center. The property will consist of 83 units of helped living and memory care and will be licensed for over 120 residents. Construction commenced in July 2016 and plans to open Spring 2017.    

Mariposa Point at Algodón Center is located on a 6.5-acre tract at the northwest N. 91st Avenue and W. Thomas Road in Phoenix and across from Banner Estrella Medical Center in the Algodón Medical Center. The property will consist of over 80 units of helped living and memory care and will be licensed for over 120 residents. Construction will commence later this year with completion plotted for late 2017.    

“We are excited about our significant investment and job creation in Phoenix and feel that we have chosen markets that are not only experiencing tremendous growth potential, but that are in need of quality senior care,” said Melinda Hawkins, Vice President of Operations with Surpass Senor Living. “We have the passion and expertise to provide seniors with communities that will not only enhance and enrich their lives, but also provide premium services at a moderate price point.”

“We feel Phoenix offers a lot of potential for Surpass Senior Living driven by the job growth and demographic trends. Surpass Senior Living is truly an innovative operator of senior communities and will offer an innovative approach to all facets of management, operations and resident programming. We are excited to serve seniors at each Mariposa Point property within Phoenix,” said Preston Smith, Regional Director of Sales & Marketing for Surpass Senior Living.

Surpass Senior Living manages three other projects in Texas and its people have over six decades of experience in senior living.

“Each community will serve seniors needing helped living care and also include a separate secured wing to serve Alzheimer’s and/or dementia care residents. The Mariposa Point communities feature perfectly landscaped interior courtyards, private dining amenities, special event venues, therapy rooms, a salon and much more. Additional services provided to residents include daily activities, transportation, wellness programs, weekly linen and housekeeping services and help with activities of daily living,” said Josh Rosen, Principal of McFarlin Group.

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ALLEN, TX – Drever Capital Management of Tiburon, CA and The Alder Group of Allen, TX have launched construction on a new 243-unit active adult apartment brand in Allen to meet the growing demand for moderately priced, amenity-rich senior rental housing.

Named Alders at Twin Creeks, the jointly-developed 243-unit retiree residential community is located off Highway 75 in the master-plotted community of Twin Creeks. It’s aimed at the Baby Boomer generation, the largest demographic group in the U.S, which turned 70 years ancient this year. Minimum age is 55.

The location is adjacent to a six-acre park and within a half mile of both the Twin Creeks Hospital and Texas Health Presbyterian Hospital Allen. It is minutes away from The Village at Fairview with Walmart, Target, Macy, Whole Foods and the Allen Premium Outlet Mall.

Drever Capital Management, winner of the 2016 annual IMM Commercial Real Estate Award for “Socially Responsible Developers,” said the concept will have extensive activities, amenities, flexibility and a resort-like atmosphere. First phase will be completed in December, 2017.  The new brand will be rolled out nationwide.

Noah Drever, senior managing partner of Drever Capital Management, believes the new brand exemplifies the firm’s socially-impactful commitment by helping solve the affordability crisis plaguing seniors today. “On average, our units are larger with better appliances, finishes and floor plans than traditional senior housing,” he added. “We are able to offer Class A living accommodations and location at a rental price point that is substantially below traditional independent living communities.”

Alders at Twin Creeks will occupy eight acres and will feature an 18,000 square foot recreational area with an oversized pool, cabanas and commercial outdoor grill kitchen. Additional community amenities include a state-of-the-art senior fitness spa, movie theatre featuring SMART Board® screening technology, arts and crafts studio, pet park, epicurean café and complementary shuttle service to and from the Metroplex.

Each unit has its own balcony and comes equipped with granite countertops, GE stainless steel appliances, side-by-side washer/dryers, energy efficient lighting and water heating and eco-friendly plank flooring. Competitively priced rental rates will start near $1,400 per month. Units range in size from 730 square-foot one-bedrooms to 1280 square-foot two-bedrooms, two baths.

Co-developer Tim O’Hanlon, president of The Alder Group, says the apartments will be “vibrant and architecturally distinctive. Maxwell Drever and his team are the ideal partner. They’ve been buying, upgrading and redeveloping lifestyle apartments and senior communities for the workforce middle income resident for 45 years. We also specialize in high-end apartments and have the same mindset—develop lasting tenant relationships and make the everyday extraordinary.”

Drever Capital Management and The Alder Group were introduced by Dallas apartment broker, Bryan O’Boyle, senior vice chairman of ARA, A Newmark Company, who says the “phenomenal location sealed the deal” for the partners. He contends Allen’s explosive growth is “ideal” for active adult residents who want to be close to their sons and daughters, grandchildren and fantastic grandchildren.

Allen, Texas has been described as the “jewel” of the Dallas Metroplex. The city’s median annual income is $101,000 compared to $58,000 for Dallas/Fort Worth. Some 62% of Allen’s residents are white collar professionals and there’s a wave of baby boomers flooding into the 55 to 75 demographic, according to local officials.

The city of Allen is also experiencing strong growth in employers and in the workforce, says Dan Bowman, executive director of Allen Economic Development Corp. Toyota’s North American headquarters is relocating there. State Farm Insurance’s large Cityline Development is underway. Kone Elevators and Escalators is moving in. The local workforce is projected to grow 16.9% annually through 2019, nearly triple the national average of 5.9%.

Says Bowman: “Senior rental housing will do very well in Allen, especially if it is moderately priced.”

Steve McCoy, president of Drever Construction Co. in Dallas, will oversee the addition of residential and recreational amenities and will work alongside the general contractor, KWA Construction Co. of Dallas which is building Alders at Twin Creeks.

Architect Frank Polacio, principal of Architectura of Plano, TX, was commissioned to design the property.

Drever Capital Management and its principals have pioneered in impact investing since 1968 and has built or redeveloped 170,000 workforce apartments valued at over $20 billion.

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