BWE arranged financing for The Reserve at Falls Church, a 215-unit senior living community in the West Falls mixed-use neighborhood. Ryan Stoll and Taylor Mokris facilitated the construction financing for this project, which is being financed by a syndication of commercial banks including Live Oak Bank and Huntington Bank. The loan features a five-year initial term with 48 months of interest-only payments.
The Reserve will offer independent living, assisted living and memory care across 15 stories. It’s being developed by NexCore Group and its seniors housing operator, Experience Senior Living. NexCore partnered with an affiliate of Nuveen Real Estate to capitalize the project. This marks the third ground-up senior living development collaboration between NexCore and Nuveen.
This community represents the second development in NexCore’s senior living collection, The Reserve Collection, and is designed to integrate into West Falls, a neighborhood spanning 1.2 million square feet. West Falls features modern residences, retail and dining, a hotel, a medical office building, and The Commons (an outdoor gathering space). The Reserve is expected to open in the spring of 2027.
