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Phoenix & Southwest  + Phoenix  + Senior Housing  | 

Harrison Street-Ryan-LCS JV Launches PHX Senior Living Project

Harrison Street, LCS and Ryan Companies secured financing to begin development of Clarendale Arcadia, a 248-unit senior living community in Phoenix. The project will be built on a six-acre site at 3233 E. Camelback Rd. under a long-term ground lease with landowner, LAKO.

The high-end community will include 140 independent living apartments, 68 assisted living apartments and 40 memory care apartments. Amenities including a fitness room, cardio room, salon, community room, movie theatre, bistro, two dining rooms, a pool and recreation deck, cabanas and outdoor seating areas.

Phase one is slated to be completed summer 2022 followed by phase two in winter 2022. The community will be managed by Life Care Services, with pre-leasing set to begin in summer of 2021.

Lee & Associates’ Craig Coppola worked on behalf of the land lessor and Ryan to negotiate the transaction. Fifth Third Bank, N.A. acted as administrative agent and lead arranger alongside Regions Bank as syndication agent for the project.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.

  • ◦Financing
  • ◦Development