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News Release: Your parents will want to live here: Luxury senior high-rise planned for Buckhead area

Caddis® says its new 213-unit Heartis® community in Atlanta’s prestigious Buckhead district will be one of the nation’s most sumptuous, amenity-filled senior communities

Caddis officials say that the 18-story, 213-unit Heartis Buckhead luxury senior living community is their most ambitious senior living and healthcare real estate project to date.

ATLANTA and DALLAS, Jan. 23, 2019 Caddis® is developing one of the most luxurious, amenity-filled senior communities in the country in a high-visibility location in the prestigious, popular Atlanta Buckhead area, according to company executives.

The Dallas-based healthcare real estate firm just unveiled plans for an upscale senior living community: the 18-story, 213-unit, 278,000 square foot Heartis® Buckhead at 2045 Peachtree Road N.E.

For Caddis, which has 19 Heartis communities open or under development in five states, Heartis Buckhead is its largest project to date and one of the largest such projects now under construction anywhere in the United States. When completed, it will also be one of the largest senior living communities in the Atlanta area – and perhaps the nicest.

“This will be the first luxury high rise senior living community Caddis has developed and it will be one of the most sumptuous is the country,” says Caddis CEO Jason L. Signor. “There’s a growing trend of offering high-end, resort-style senior high rises in major metro areas of the country. Good examples include the luxurious 305 West End Residences, Inspir/Manhattan and Sunrise at East 56th, which are all in New York City.”

He added, “Today, many baby boomers and their parents expect that in their senior years, they will be able to live in unparalleled comfort and class with every amenity imaginable. They also want to live within minutes of shopping, restaurants, entertainment venues and important services. Heartis Buckhead will offer all of this in a sought-after, vibrant area of Atlanta where people want to live. Local residents will find that Heartis Buckhead takes senior living to new heights – no pun intended.”

“This is Caddis’ most ambitious senior living and healthcare real estate project to date,” says Caddis Executive Vice President Development and Partner Jud Jacobs. “In addition to the 278,000 square foot senior living community, we are investing significant capital to upgrade an adjacent 10-story, 72,923 square foot medical office building (MOB), which are both on a prime location across from Piedmont Atlanta Hospital. The project also will include a landscaped plaza and a two-level parking structure that will serve both facilities. This will provide a superior environment for current and future tenants and an enhanced experience for their patients.”

Caddis officials said that when Heartis Buckhead is complete, the company will own more than 1 million square feet of medical facility assets in the Atlanta area.

“Caddis has been developing and acquiring healthcare facilities in Atlanta since 2013 and we currently own 10 medical buildings in the area totaling nearly 700,000 square feet,” says Mr. Signor. “Atlanta is a strong, thriving metro, and our newest project demonstrates our firm’s commitment to this market.”

Heartis Buckhead, which is expected to be completed by late 2021, will offer 213 spacious independent living, assisted living and memory care apartments plus a wide variety of first-class amenities. This includes beautifully landscaped grounds; large, secured courtyards; a wellness center; game and activity rooms; large, inviting dining room serving chef-prepared, home-cooked meals; ongoing social and recreational activities; a beauty parlor and barber shop; and relaxing common areas.

The architect for the project is Englewood, Colo.-based Lantz-Boggio, and the general contractor is the Atlanta office of Brasfield & Gorrie.

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 Heartis Buckhead, Caddis is currently developing or has opened Heartis communities in Suwanee and Fayetteville, Ga.; Orland Park and Peoria, Ill.; Brookfield and Glendale near Milwaukee, Wis.; Venice, Fla., and in the Texas cities of Arlington, Bedford, Conroe, Fort Worth, Cleburne, Clear Lake, Cypress, Amarillo, Longview, Waco and San Antonio. 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® 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 over four million square feet of medical assets valued in excess of $1 billion. In its annual Construction and Design Survey, Modern Healthcare magazine recognized Caddis as the 9th largest healthcare development company in the United States. For more information about Caddis, please visit www.Caddis.com.

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