The LaSalle Group recently broke ground on Autumn Leaves of Pearland, its newest Alzheimer’s and memory care facility located in Houston, TX.
Using funding from Green Bank, the project is a 26,000-square-foot facility with 46 beds and is expected to be completed in the fall of 2011.
“It has been a pleasure working with the LaSalle Group, and we share their excitement is seeing their brand of private-pay facilities established in the Houston market,” said Chad Bowser, commercial banking vice president at Green Bank. “For Green Bank, this is a portal to supporting more businesses working in the healthcare sector, as the need for providers like this continues to increase.”
Autumn Leaves has three facilities in greater Houston, and said it plans to establish a total of 10 to 12 in the area over the next few years.
“We recognize that senior care and home healthcare are fast-growing segments, and we are certainly interested in them” said Green Bank President Geoff Greenwade. “We are increasingly in a position to work with more entrepreneurs in this field; our commercial operations are expanding with loans, lines of credit and owner-occupied real estate loans in the $1 to $15 million dollar range.”
The LaSalle Group has Autumn Leaves communities operating in North Texas, the greater Chicago area and a facility currently under construction in Tulsa, Oklahoma.