ORIX Corporation USA’s Municipal and Infrastructure Business Completes Preferred Equity Investment for Texas Senior Housing Community
ORIX Corporation USA announced a preferred equity investment in a 103-unit senior housing community in Aledo, TX, developed by Civitas Senior Living and Journey Capital. Civitas operates over 40 senior housing communities across the southern U.S., while Journey is an asset manager focused on senior housing. ORIX USA aims to expand affordable senior housing in Texas. As of December 2020, ORIX USA manages assets worth $87 billion. This investment marks a commitment to enhance the senior living sector in Texas and the U.S.
- Completion of a preferred equity investment for a senior housing community in Aledo, TX.
- Continued partnership with Civitas and Journey Capital to support senior housing development.
- ORIX USA's commitment to expanding affordable housing aligns with growing demand in the sector.
- None.
ORIX Corporation USA (ORIX USA), the Americas business of the international financial services group ORIX Corporation (ORIX), announced today that its Municipal and Infrastructure Finance business completed a preferred equity investment for the construction and start-up costs of a 103-unit senior housing community in Aledo, TX. Civitas Senior Living and Journey Capital will develop the community.
Based in Fort Worth, TX, Civitas is a fully integrated developer, owner, and operator of senior housing communities across the southern United States. Civitas currently operates over 40 communities, with more than 4,500 independent living, assisted living, and memory care beds.
“ORIX USA has a long-term commitment to expanding affordable and senior housing and is pleased to partner with Civitas to provide additional senior housing in Texas,” said Rob Wetzler, Managing Director and Head of ORIX USA’s Municipal and Infrastructure Finance business.
Dallas-based Journey Capital is an asset manager focusing on senior housing development and acquisitions. The community in Aledo, one of the fastest-growing towns in the Dallas-Fort Worth Metroplex, will be Journey’s seventh senior housing investment and third development with Civitas.
“We are excited to partner with ORIX USA and Journey as we expand our vision of transforming the senior living industry in Texas and across the US,” said Jay Dempsey, Managing Partner and Co-Founder of Civitas. “ORIX USA has been a long-standing development partner providing innovative and flexible financing on several Civitas projects.”
ORIX Corporation USA (ORIX USA)
Since 1981, ORIX USA has provided innovative capital solutions that clients need to propel their business to the next level. With a focus on merchant banking, commercial finance, and asset management, ORIX USA and its subsidiaries — Boston Financial Investment Management, Lument (the combined company of Hunt Real Estate Capital, Lancaster Pollard, and RED Capital), NXT Capital, RB Capital, Signal Peak Capital Management and ORIX Capital Partners—include a team of more than 1,300 employees spanning more than 50 offices across the US and Brazil.
A business unit of ORIX USA, the Municipal and Infrastructure Finance Group is an innovative and flexible investor with the ability to provide debt, mezzanine, and equity capital to a variety of public and private financings. The Municipal and Infrastructure strategy focuses on investing in both taxable and tax-exempt issuers and projects. The team’s investment portfolio includes transactions in a wide range of industries, including healthcare, senior housing, education, infrastructure, and land development.
ORIX USA and its family of companies have
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