RCP Allen AL invested in the development of a one-story, 96-bed senior assisted living and memory care community located in Allen, Texas which is a growing and affluent suburb of Dallas. The property’s all-in cost basis was under $140,000 per unit which was about $15,000 per unit less than similar seniors housing projects being developed at that time. The property was easily visible and accessible from a major thoroughfare and was located close to several resident referral sources.

After construction was completed, the property provided its residents and their families with a comfortable, home-like environment within a state of the art seniors housing facility. The property’s amenities included two outdoor courtyards, a waterfall and lazy river, spa, theatre room, billiard room and rehab center.

The total investment lifetime was 4 years and sold in April 2017.