Gardner Capital Completes Houston-Area Senior Community
- Jul 28, 2020
Gardner Capital has completed construction on Gala at Four Corners, a 90-unit luxury senior living community in the Houston suburb of Sugar Land, Texas, catering to active adults aged 55 and over.
In order to bring the project to completion, the developer partnered with Five Woods and SuperUrban Realty Ventures. Financial partners included RBC Capital Markets and the Fort Bend County Housing Finance Corp. In addition, Capital One provided Gardner with a $9.9 million construction loan, according to Yardi Matrix data.
Situated on nearly 11 acres at 15010 Old Richmond Road, Gala at Four Corners consists of two three-story buildings with one- and two-bedroom apartments measuring 700 and 900 square feet in size. Amenities include a swimming pool, fitness center, cyber lounge, library and business center. Allied Orion Group manages the property.
The property is roughly 7 miles north of downtown Sugar Land near Highway 6. Gala at Four Corners is also located near another Gardner development, a 144-unit mixed-income community completed last week.