Los Angeles
Canyon Partners has provided $10.9 million in preferred equity to Griffin Living fund the ground-up development of a class-A senior living facility in Westlake Village. This is Canyon's fourth investment with Griffin since 2013.
Located off the Thousand Oaks Blvd exit of US Route 101, the 86-unit property will include 58 assisted living units and 28 memory care units within a two-story, 77,000 square foot community.
The project is one of two senior housing projects in the area, which has pent-up demand for senior housing.
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