Sycamore-led team closes financing for $33M Dallas nursing home conversion
Connect CRE reports the project at 8130 Meadow Road will turn a nursing home built in 2016 into 75 homes, with Sycamore leading and ASD co-developing.
At a glance
Hunt Capital Partners, Sycamore Development and ASD – A Home for Life announced the financial closing of The Meadow, a $33 million development at 8130 Meadow Road in Dallas.
The work will convert a nursing home built in 2016 into 75 homes, which the Connect CRE headline describes as supportive units.
Hunt Capital Partners, Sycamore Development and ASD – A Home for Life announced the financial closing of The Meadow, a $33 million development at 8130 Meadow Road in Dallas.
Sycamore Development leads the project and ASD – A Home for Life is co-developer, according to Connect CRE, which describes the project as a rehabilitation development. The report does not name the capital sources or terms of the financing.
The work will convert a nursing home built in 2016 into 75 homes, which the Connect CRE headline describes as supportive units. The coverage does not give a construction start or completion date.
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