This was the second project on DSI’s Senior Living platform, whereby DSI provided $9.1M in LP capital to develop a Class A assisted living development in Tucson, AZ. Construction on the project was complete in December 2017 and rents were stabilized in May 2019. DSI is in discussion with multiple parties interested in purchasing the property, marking a clear exit for investors.
Sector Ground up Senior Housing (Assisted Living & Memory Care)
Number of units 106 Units: 86 Assisted Living & 20 Memory Care (122 beds)
Investment Type JV Equity
Term (months) 36 Months