Joint venture investment comes to Wellmore
Cushman & Wakefield's Senior Housing Capital Markets Group has arranged for a $35.5 million capitalization of Wellmore at Tega Cay in South Carolina, the company announced.
The 12.5 acre property will include 152 assisted living, memory care and skilled nursing units, and located around 20 miles southwest of Charlotte, NC.
The joint venture investment was made by CNL Healthcare Properties Inc., with construction financing from Red Capital Group. The property will be developed and managed by Maxwell Group, Inc.