Outer Marker Properties recently announced the development of Hampton Pointe Manor, an assisted living/Alzheimer’s care project in Missouri City, Texas. The 53,000 square foot facility will contain 77 units, with 54 units dedicated to Assisted Living and 23 units allocated to Memory Care and is expected to open in July 2011. The development plans to expand to provide a skilled nursing facility and commercial space.
Hampton Pointe Manor is a joint venture partnership with Wallace Bajjali Development Partners, LP and is a part of Hampton Pointe, a 17 acre mixed-use “transitional living” community which will also contain active adult patio homes, and an independent living facility. The assisted living facility, currently under construction, was financed by a $10.35M HUD 232 Loan and will be managed by the 410 Group, a sister company of Outer Marker Properties.