SAN FRANCISCO—CBRE Group, Inc., has financed construction of Carlton Plaza of Davis, a planned 144-bed, 120-unit senior assisted living and memory care facility in Davis.
The project is located is centrally located, surrounded by single-family residential and retail properties. Andrew Behrens, vice chairman of the CBRE Capital Markets team in San Francisco, co-originated the loan with Mary McDonald, First Vice President of CBRE HMF in San Francisco.
The project is sponsored by Carlton Senior Living, Inc., headquartered in the East San Francisco Bay Area. The group is led by Don Engle and Tom MacDonald, who have extensive experience in the acquisition, development and management of senior care facilities in Northern California. Carlton Plaza of Davis will be the eleventh addition to their portfolio of self-developed and -managed facilities. The group just completed construction on another assisted living / memory care facility located in nearby Elk Grove, CA.