Lancaster Pollard’s Propero Fund II was the financing source of choice once again for Arcadia Communities as it continues to grow its portfolio. Founded in 2008, Louisville, Kentucky-based Arcadia owns and/or operates three seniors housing and care communities in Kentucky and Michigan. Six months ago, the company obtained $12.1 million
For those owner/operators that wish to grow their portfolio by development, but also limit the capital needed to get the project started, there is an unconventional option. Launched in 2012, Lancaster Pollard’s first Propero Fund invests in seniors housing properties as the sole owner and then triple-net leases them to an operator, which will then […]
A 94-unit senior living community in Covington, Louisiana changed hands five years after its last sale, more than doubling in value in the time. Granted, the community added a 24-unit memory care wing in 2014, which helped push the value. Nevertheless, after purchasing the community for $11 million, or $142,857 per unit, Arcadia Communities brought […]