Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

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.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Ryan CompaniesConnect With Harrison StreetConnect With Lee & Associates’ Coppola

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 marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. 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. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis 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. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development