Belmont Village Senior Living and Blue Moon Capital Partners are teaming up for their first ground-up construction project together, albeit their third venture overall, with a planned 157-unit assisted living/memory care community in Aliso Viejo, California. A master planned community located in the San Joaquin Hills of southern Orange County, Aliso Viejo boasts high home values and high incomes, which should help to fill the luxury community.
Featuring both studio and one-bedroom units, the community also comes with a town hall, fitness center, salon and heated salt-water pool. Upon completion in 2018, Belmont Village will operate the community. To fund the project, the venture turned to Aron Will of CBRE to arrange a non-recourse, four-year loan from a regional bank.