CBRE arranged acquisition financing for two seniors housing communities in Houston, Texas, on behalf of Bridgewood Property Company. The Aspenwood Company, Bridgewood’s wholly owned management platform, will continue to manage the communities. Aron Will and Michael Cregan originated the $25 million, three-year floating rate loan with full-term interest only via a regional bank.
Built in 2015, The Village of the Heights sits on 1.75 acres and comprises 103 assisted living and memory care units. Built in 2013, The Village of Meyerland features 125 assisted living and memory care units on 3.11 acres.
