News Release: Heartis senior community under construction in Arlington, Texas

Heartis Arlington, which is scheduled to open in the spring of 2016, will offer residents exceptional, personalized care and a wide variety of amenities including a bistro, Internet café and a large fitness center with access to an outdoor courtyard.

Heartis Arlington, which is scheduled to open in the spring of 2016, will offer residents exceptional, personalized care and a wide variety of amenities including a bistro, Internet café and a large fitness center with access to an outdoor courtyard.

Healthcare real estate firm Caddis will offer a new lifestyle option – an 81-unit assisted living and memory care community, set to open in the spring of 2016

ARLINGTON and DALLAS, Texas, July 15, 2015 – When Caddis, a national healthcare real estate firm, looks for areas to locate its new, innovative senior communities, it seeks out cities that are growing, conveniently located, aesthetically pleasing and replete with nearby services and amenities. Caddis found all of that and more in Arlington, part of the Dallas-Fort Worth metro area.

Caddis is developing and will own a 67,000 square foot, one-story, 81-unit assisted living and memory care community in this bourgeoning city, just 12 miles east of downtown Fort Worth. The city is home to the University of Texas at Arlington, the headquarters of Texas Health Resources, Texas Rangers’ stadium and the Six Flags Over Texas theme park, to name a few local landmarks.

The new senior community, which is scheduled to open in the spring of 2016, also will be located in what Caddis CEO Jason Signor calls “the perfect neighborhood setting.”

“The Heartis Arlington community will be surrounded by extensive greenspace and beautiful, established neighborhoods, including the affluent ‘enclave city’ of Dalworthington Gardens. It also will be easy to access from Interstate 20 and a nearby park and ride station,” Mr. Signor says. “In addition, it will be in close proximity to world-class healthcare services, including the 213-bed HCA Medical Center of Arlington. This location will provide the best of all worlds for the residents, their families and visitors.”

“We believe that the new, innovative Heartis Arlington will be a welcome addition to the community,” adds Jud Jacobs, Caddis Senior Vice President of Development. “In addition to all of the amenities and beautiful surroundings, residents can take advantage of a host of special activities and receive assistance from experienced, caring staff. If you or your family member is at a place in their life when they need assistance, Heartis Arlington will be a great place to live – a warm, nurturing environment where they can live life to the fullest.”

Katie Csobaji, Caddis Senior Vice President of Senior Living, notes, “Everything about the new Heartis Arlington community, including the fitness center, bistro and Internet café, will be designed to appeal to those who want to enjoy unique experiences and live a fulfilling, rewarding life. Most important is that residents in Arlington and the surrounding communities will have the opportunity to be part of an important new lifestyle option that is also value-oriented and well within market rates.”

Heartis Arlington features a range of amenities designed to make everyday living better, including a large, secure courtyard, outdoor walking paths, game and activity rooms, beauty/barber shop, relaxing common areas, and high quality Class A finishes. Services range from assistance with personal activities, to housekeeping and laundry, to daily nursing care and 24-hour emergency response.

The community will be managed by Frontier Management, a senior living operations management company headquartered in Portland, Ore. Frontier is managing several other Heartis communities in Texas.

Greg Roderick, President and CEO of Frontier Management, says: “We are pleased to once again work with Caddis and to provide future residents of Heartis Arlington with our exceptional, personalized life enrichment program that engages residents in a unique and innovative way. When combined with our innovative supportive health services, these programs create an environment that embodies “Life Lives Better Here.” Our Pathway program, a philosophy for memory care based on Montessori principles, creates a transformative environment that affords each individual maximum self-expression. Senior living can be different; our goal is to show you how.”

The architect for Heartis Arlington is Austin, Texas-based Pi Architects Inc., and the general contractor is the Dallas office of Weis Builders. Construction debt financing is being provided by Kansas City, Mo.-based UMB Bank, NA.

Caddis launched its senior living brand, Heartis, in early 2013. In addition to Arlington, the company has communities open or under construction in the Texas cities of Conroe, Cleburne, Fort Worth, Amarillo, Cypress, Clear Lake, San Antonio, Longview and Waco.

About Heartis

Caddis, a national healthcare real estate firm based in Dallas, launched the Heartis senior living brand in early 2013 to reflect its mission of helping seniors live life to the fullest. In addition to Arlington, Caddis is currently developing or has opened Heartis communities in the Texas communities of Conroe, Fort Worth, Cleburne, Clear Lake, Cypress, Amarillo, San Antonio, Waco and Longview, and in Peoria, Ill. Heartis communities provide high-quality, high-value services, programming and amenities; on-site personalized support; and inviting, caring home-like environments. For more information, please visit www.Heartis.com.

About Caddis

Caddis Partners, LLC is a national real estate development, management and investment firm focused exclusively on healthcare real estate. The firm is comprised of experienced real estate professionals across various disciplines that provide clients with expertise in development, acquisition, financing, construction management, leasing, tenant representation, property management and accounting. Since its inception, Caddis has developed or acquired nearly two million square feet of medical assets valued in excess of $500 million. For more information about Caddis, please visit www.Caddis.com.

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About Frontier Management

Founded in 2000, Frontier Management has over 14 years of experience in successfully managing and developing senior living communities, including retirement, assisted living and memory care communities. Currently, Frontier operates 55 communities in 10 states throughout the United States. For more information about Frontier Management, visit www.frontiermgmt.com.

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