New senior housing project coming to Fairfax County
Capitol Seniors Housing is opening four new communities this year, representing an investment of $90 million in senior housing.
One of the communities, a $15 million, 35,550-square-foot project with 48 memory care units, will be built in Fairfax County.
Arbor Terrace of Fairfax will offer a combination of assisted-living and memory-care residences. “The senior population is growing at twice the national average, with many baby boomers entering retirement. We are at the forefront of adding brand-new, state-of-the-art communities to cities and towns that seniors call home,” Scott Stewart, founder and managing partner for Capitol Seniors Housing, said in a statement.
The largest community at 77,655 square feet, will be located in Tampa, Fla. The other projects are in Torrance, Calif., and Marlboro, N.J.
Based in Washington, D.C, Capitol Seniors Housing is a real estate private-equity firm focusing on acquiring and investing in the development of seniors housing communities.
Since 2003, the company has invested more than $1 billion on behalf of its joint-venture partners and amassed a nationwide portfolio of more than 50 senior-housing real estate assets.
Capitol Seniors Housing says it has realized a combined gross profit of $335 million for its investors.