The Village at Mapleshade
Plano, Texas | 3 Stories | 92 Units
Funding date:
July 2014
Construction start:
August 2014
Construction completion:
August 2015
Leasing completion:
Sold the property with 53% leasing
Asset sale date:
August 2017
The Village at Mapleshade is a three story, 88,000 sq.ft., high end assisted living facility. M&H partnered with SRP Medical for the development, lease up and sale of this facility. The unique infill location in Plano, Texas, offers close proximity to George Bush Turnpike. The demographics are favorable with 240,000 seniors living within a 20 mile radius. M&H was attracted to the active senior housing market in Texas for senior citizens and the interest shown by institutional buyers.
The property provides a first class living environment with design comparable to surrounding country clubs. The development features high end amenities such as a theatre room, salon, fitness facility and elegant private dining. The development was sold to an institutional buyer.