LEESBURG, VA – Walker & Dunlop announced that it structured financing for the acquisition of Bellemeade Farms Apartments, a 316-unit multifamily community located in Leesburg, Virginia. Walker & Dunlop’s Alexandra Huffman and Andrew Tapley led the team in arranging the $45,337,000 transaction on behalf of Capital Square 1031.

Drawing on their deep understanding of Fannie Mae’s loan programs, the origination team rate-locked the ten-year, fixed-rate loan just one day after the application was submitted. Additionally, the team helped Capital Square 1031 in structuring its debt to accommodate the intricacies of the Delaware Statutory Trust (“DST”) structure, permitting investors to buy interests in the property in a tax-deferred exchange under Section 1031 of the Internal Revenue Code.

Bellemeade Farms Apartments is the tenth execution that Huffman and Tapley have originated for their longstanding client over the last three years, totaling over $200 million in Agency debt.

“Walker & Dunlop has done a superb job of originating loans for Capital Square 1031. In spite of our honestly complex DST structures, Walker & Dunlop has performed at the highest level. We have been able to rate-lock early, obtain third-party reports, and close quickly and efficiently. Andrew and Alexandra have given us a competitive advantage amongst DST sponsors and have helped us to grow to over $1 billion of assets sponsored for the program,” stated Louis Rogers, CEO of Capital Square 1031. 

Situated on 15.7 acres, Bellemeade Farms Apartments is comprised of 12 residential buildings and a clubhouse with a leasing office. Community amenities at the property include a 24-hour fitness center, tennis court, dog park, community garden, an outdoor lounge with newly renovated grilling stations, and a resort-style pool. 

In addition to its top-notch facilities, the community is ideally located in Loudoun County, which has the highest median household income in the U.S. Being part of the Washington, D.C. MSA, the area is well-known for its economic stability. Furthermore, Amazon’s HQ2 in Crystal City and the Metro’s Silver Line extension are plotted for the region, bringing a surplus of jobs and expected rent growth over the next decade and beyond.

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PHOENIX, AZ – Beatitudes Campus held a groundbreaking ceremony to mark the start of construction on the senior living community’s 34 new Patio Homes.

Located on the Myrtle Avenue side of the 27-acre community, the Patio Homes are part of a larger master plot to enhance and expand Beatitudes Campus. The life plot community offers residential living, activities, amenities and services for older adults.

“It’s simple to see why Patio Homes are a well loved residential choice. They offer the best of all worlds — a comfortable home in a traditional neighborhood, convenient services that make life simpler, plus restaurants, fascinating activities, and healthcare all within walking distance,” said Michelle Just, President and CEO of Beatitudes Campus. “We’re excited to break ground on these wonderful, new Patio Homes for our neighbors-to-be.”

The single-level, attached Patio Homes feature a mid-century modern design with sophisticated features and finishes, a full kitchen, garage, and front and back patios. They come with a lifestyle package that includes restaurant-style dining, maintenance, housekeeping, utilities, DIRECTV®, internet, phone, and onsite healthcare services, if ever needed. Along with the silent neighborhood-style living, residents will delight in unlimited access to all of Beatitudes Campus’ activities and amenities.

Orcutt Winslow architectural firm of Phoenix is overseeing the project’s design. The company specializes in sustainable design and has managed a variety of projects, from healthcare and higher education to religious and governmental.

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BRIARCLIFF MANOR, NY -More than 125 people were on hand for the Grand Opening of the Welcome Center at The Club at Briarcliff Manor, a new senior living community featuring independent living apartments, best-in-class helped living and award-winning memory care for those 55 and older.

The weekend event, which was held February 16 and 17, provided prospective residents with information on the various retirement living options offered at The Club at Briarcliff Manor as well as the top-tier service and amenities. Prospective residents were also provided an opportunity sign up for Diamond Charter Membership, which offers numerous benefits including first selection of apartment homes, priority pricing and VIP invitation to the Grand Opening Gala. The Club at Briarcliff Manor is scheduled to officially open in late spring.  

Set on a scenic wooded site that was once home to the historic Briarcliff Lodge, The Club at Briarcliff Manor features a mix of 287 independent living, helped living, and memory care apartments in two interconnected buildings. Residents can choose from single or multi-room apartments. The independent living apartments range from 974 square feet to 1111 square feet. Monthly rents start at $7,350. 

The Club at Briarcliff Manor’s Tudor-inspired architecture harkens back to the stately elegance of the Briarcliff Lodge, a grand resort hotel built in the early 1900s that was a well loved destination for the rich and well-known. Located at 25 Scarborough Road, the 59-acre property features breathtaking views of the Hudson River and Manhattan skyline, numerous walking trails and expansive landscaped grounds originally designed by Frederick Law Olmstead, renowned landscape architect of Central Park. 

World-class amenities at The Club at Briarcliff Manor include multiple dining venues, creative art studio, fitness center and rehabilitation gym; card room; and outdoor area including fireside patio and healing garden.  The well-appointed apartments have granite counters, ceramic tiled baths and views overlooking the Hudson River. 

The developer of The Club at Briarcliff Manor is Senior Lifestyle Corp., a Chicago-based leader in senior care that owns, operates and develops seniors housing communities throughout the United States. Senior Lifestyle has been a family-owned business since 1985 and has been routinely recognized as a leader in the delivery of innovative programs and hospitality services for all levels of care. 

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