Monthly Archives January 2019

Alex. Brown Realty Joint Venture to Develop Charleston Senior Housing

BALTIMORE–(BUSINESS WIRE)–A joint venture organized by Alex. Brown Realty, Inc. (ABR), Wakefield Capital and Affinity Living Group has announced development plans for a 120,000 sf senior housing facility on James Island in Charleston, South Carolina. The Class A facility is scheduled for completion in June 2018. ABR Chesapeake Fund V, a real estate fund sponsored by ABR, invested approximately $10.1 million in the venture. Financing for the project is being provided by BBVA Compass.

“We look forward to working with them to create a successful investment for our partners.”

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Designed as a best-in-class community, Indigo Hall will offer 116 assisted living units and 40 memory care units as well as first-class amenities and abundant community spaces...

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