FOR IMMEDIATE RELEASE
Anthology Senior Living Forms Joint Venture Partnership and Strategic Alliance with FDG to Develop Anthology of Beaverton
The 206-unit luxury senior housing facility is anticipated to deliver in the second quarter of 2024
DENVER (July 20, 2022) – Anthology Senior Living (“Anthology”), the dedicated senior living platform of CA Ventures (“CA”), today announced the closing of a joint venture partnership to develop a 207,169-square-foot senior living community in Beaverton, Oregon. In addition to serving as development partner, Anthology will manage the property, expanding its owned/operated portfolio to 39 senior living communities across the U.S. Anthology expects to deliver the community in the second quarter of 2024.
“We are pleased to celebrate the closing of the Anthology of Beaverton transaction – a milestone that represents the strategic expansion of Anthology’s presence across the West,” said Anthology Senior Living president Michael Berman (CFA). “We look forward to watching the future success of the community as we enter one of the fastest growing cities in the U.S.”
Situated on a 5.5-acre parcel outside of Portland, Anthology of Beaverton will consist of 206 luxury independent living, assisted living and memory care units complete with modern finishes. Residents will also benefit from an extensive amenity package, including a bistro/bar, fitness center, theater, game room and beauty salon, among others. The community is located just minutes away from the Tanasbourne shopping district, which includes a Whole Foods, Starbucks and Macy’s, in addition to other recognized shopping and dining locations. Major employers within close proximity of the community include Nike World Headquarters and Intel.
The transaction also marks the beginning of Anthology’s strategic alliance with Formation Development Group (FDG), having contributed to the project as one of its GP investors. Anthology and FDG hope to further bolster their partnership through the co-sponsorship and development of future projects together.
Today, Anthology owns communities in 39 locations across 15 states in the U.S. Anthology anticipates the delivery of an additional seven projects totaling 950 units over the next two years.
About Anthology Senior Living
Headquartered in Denver, CO, Anthology Senior Living is a vertically integrated developer, owner and operator of independent living, assisted living and memory care communities. Since its inception in 2013, Anthology has established a desirable portfolio of 41 seniors housing assets totaling 5,100 units across 17 states – 32 of which are self-managed. The individual communities foster a culture of inclusion, where seniors are encouraged to continue their life story in a beautiful, meaningful way. For more information about Anthology Senior Living, browse our website or follow us on Facebook.
About CA Ventures
CA Ventures (“CA”) is a global vertically integrated real estate investment management company with more than $15 billion in assets across the United States, Europe and Latin America. The Chicago-based firm offers comprehensive in-house investment, development and operational services, and specializes in a range of niche, commercial real estate asset classes including student living, senior living, multifamily, industrial, medical office and life sciences. CA manages real estate investments on behalf of some of the world’s largest institutional investors across a range of core, value-add and opportunistic investment vehicles. The firm also offers third-party management services for student and residential assets. For more information, visit www.ca-ventures.com.
About Formation Development Group
Formation Development Group (FDG) is a senior living consulting, development, and investment company founded in 2007 and based in Alpharetta (Atlanta), Georgia. The FDG team has extensive experience in the development, acquisition, disposition, repositioning, financing, and asset management of a variety of senior living communities representing approximately 100 projects with an aggregate value of over $1 billion.