HOUSTON-After a successful development of four assisted living/memory care facilities, PinPoint Commercial LP and Thrive Senior Living LLC are gearing up to go north on five more such facilities to be located in Texas, Louisiana and Florida. The projects are scheduled to break ground in early 2013, will take about a year to complete, and will carry an all-in price tag north of $80 million.

Charles Turner, principal with locally based PinPoint, says the partnership between the locally based PinPoint and Thrive Senior Living of Atlanta, GA came about with help from a third party. Though PinPoint’s development capabilities have been geared toward industrial and medical office properties, “they really helped educate us on the product and their philosophy on how they wanted the facilities to work,” Turner explains.

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