Falcon Senior Housing secures $38.6M in C-PACE financing for The Statesman at Horseshoe Bay, a 313,714 SF seniors housing project.
Nuveen Green Capital has provided $38.6 million in C-PACE financing to support the construction of The Statesman at Horseshoe Bay, a new seniors housing community located in Horseshoe Bay, Texas. The project, which is being developed by borrower Falcon Senior Housing, will span 313,714 square feet and incorporate a mix of 180 independent living, assisted living, and memory care units.
The capital stack for the development also incorporates EB-5 immigration investment funds. According to Falcon CEO John Hyjer, the C-PACE financing was utilized to implement sustainability measures intended to reduce energy and water consumption while optimizing project feasibility and long-term asset performance.
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