Healthcare real estate firm Caddis to start work on a 101-unit assisted living and memory care community, set to open in second quarter of 2016
SAN ANTONIO, Oct. 21, 2014 – Although amenity-filled senior communities under the Heartis brand name are being built and have opened in a number of Texas cities, residents will soon see the first one in San Antonio. Construction is set to begin soon on the 86,000 square foot Heartis San Antonio assisted living and memory care community, with a planned completion in the second quarter of 2016. “At Caddis, we believe it’s important for every major market to have the opportunity to have access to a Heartis senior community where residents live active and rewarding lives in an inviting, beautiful environment,” says Caddis CEO Jason Signor. “We’re pleased to develop a senior community in San Antonio, which is a thriving and welcoming city and an ideal location for our new Heartis community.”
Heartis San Antonio is being built on a 3.6-acre site on the highly visible, accessible Huebner Road. It will be surrounded by well-established neighborhoods such as Churchill Estates, sought-after enclave cities such as Shavano Park and Hill Country Village and will be only a short drive away from communities such as Stone Oak and Alamo Heights.
“Everything about Heartis San Antonio, including the striking architecture, high-end interior finishes and exceptional services and amenities, will be designed to reflect the discerning tastes of the surrounding neighborhoods,” says Katie Csobaji, Caddis Vice President of Senior Living. “The community will offer the highest quality of personalized care and a beautiful, resort-like environment at a price that’s well within market rates and very value-oriented.”
Heartis San Antonio is the first of three communities currently under development in Texas that will be managed by Frontier Management, with a second about to begin construction in Central Texas and a third under development in Dallas-Fort Worth.
“We’re honored to work for the first time with Frontier Management, a premier nationally ranked senior living management company with an excellent reputation for providing quality care to seniors,” says Jud Jacobs, Caddis Senior Vice President of Development. “We look forward to working with Frontier to expand the Heartis brand in the ‘Lone Star State.’”
“Frontier Management is thrilled to be a partner and the operator for Heartis San Antonio, to have forged this relationship with Caddis and to be a part of this exciting community located in the vibrant and beautiful city of San Antonio,” says Greg Roderick, President and CEO of Frontier Management. “Heartis will be a ‘feature rich’ community that is not only beautiful but more importantly, will promote a purposeful and meaningful lifestyle while providing the highest standards in care delivery.”
Mr. Roderick added, “We are excited to bring our comprehensive, compassionate care approach to a first-class project with Caddis. Heartis San Antonio will be the first in south-central Texas to employ our Pathway program, a philosophy for memory care based on Montessori principles that creates a specialized, life-enriching environment affording each individual maximum self-expression.”
Heartis San Antonio will offer a host of amenities and special features, including two interior courtyards; multiple activity areas; a large fitness center; daily specialized programming; delicious chef-prepared meals; 24-hour licensed nursing services; beautifully landscaped grounds; housekeeping and laundry services; personal transportation; assistance with the activities of daily living; and high quality Class A finishes, all delivered in a warm, nurturing environment. The architecture of the new community will be designed to emulate the historic San Antonio mission style with a barrel tile roof and an architectural stone and stucco façade.
The architect for the Heartis community is Austin, Texas-based Katus LLC and the general contractor is Cameron, Texas-based EBCO General Contractor Ltd. Construction debt financing is being provided by American Momentum Bank.
Caddis launched its senior living brand, Heartis, in early 2013. The brand name plays off the saying, “Home is where the heart is” and the Heartis logo also includes periods after the words “Seniors” and “Living” to convey that in the new communities, seniors will be living rich, full lives. Caddis has been developing senior communities in a number of Texas cities including Conroe, Fort Worth, Cleburne, Clear Lake, Cypress and Amarillo.
Caddis Partners LLC, 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. Caddis is currently developing and will own Heartis communities in Conroe, Fort Worth, Cleburne, Clear Lake, Cypress, Amarillo 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 Partners
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 Partners, please visit www.CaddisPartners.com or follow Caddis Partners on Twitter at www.twitter.com/CaddisPartners.
About Frontier Management
Founded in 2000, Frontier Management has over 14 years of experience in successfully managing and developing senior living 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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