Beacon Hill at Eastgate has secured $175 million in financing to support its planned 400,000-square-foot campus expansion, the Grand Rapids, MI, continuing care retirement / life plan community announced Wednesday.
Chicago-based specialty investment bank Ziegler arranged the financing bonds. Greenbrier Development, a Dallas-based developer that specializes in senior living and has been a partner in previous expansions, is the developer. PRDG, a Dallas-based architect that specializes in senior living design, is the architect.
Beacon Hill’s third expansion this decade, the West End project will almost double the CCRC’s independent living residences and redevelop Beacon Hill’s original site, which is home to assisted living and memory care residents…