MedProperties, The LaSalle Group announce construction deal

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MedProperties Holdings LLC and The LaSalle Group will begin construction on a 46-bed Autumn Leaves of North Austin this month, the companies said. The community will be one-story and located about a half mile west of Texas State Highway 183.

The Autumn Leaves of North Austin project marks MedProperties' third investment with The LaSalle Group and the fifth in its second discretionary fund, the $150 million MedProperties Investment Partners LP. Construction of The Autumn Leaves of North Austin is scheduled to be completed in a year. Texas Gulf Bank is providing construction financing.