Lifecare Properties Acquires Land in Texas to Build Assisted Living Facility

Lifecare Properties, LLC, a real estate development and operating company, recently announced it has acquired property in Arlington, Tex. on which it plans to build a 67-unit assisted living facility.

The 5.2 acre site is located at 7708 S. Cooper Street and was bought from Anwar A Lalani and Sultana A. Lalani, trustees of Lalani Living Trust, for $610,000. The sellers had owned the property since June of 2009.

The new community will be known as The Residences at Sage Court; according to development plans, it will be a single-story building with two separate wings, one for assisted living and one for memory care. Three Architecture, based in Dallas, Tex., is designing the project. 

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The 44-unit assisted living wing will have six different floor plans, while the 23-unit memory care wing will have two different floor plan options. 

Lifecare has contracted with T&G Constructors for the development’s design and construction, and the project is currently in the final design phase. It has already received zoning approval from the City of Arlington. 

Lifecare expects The Residences at Sage Court will be completed in the late summer of 2013, at which point it will be managed under contract by Paradigm Senior Living, headquartered in Portland, Ore. 

Written by Alyssa Gerace

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