- In a newly formed joint venture (JV) partnership, Boston-based Blue Moon Capital Partners LLC and Des Moines, Iowa-based LCS are teaming up to build the 207-unit The Delaney at Parkway Lakes in Katy, Texas, a growing suburb about 30 miles west of Houston. The facility will have independent living, assisted living and memory care beds. In 2014, Austin, Texas-based Hawkeye Partners, a private equity firm, announced that it was making a $175 million capital commitment to Blue Moon. It was not disclosed how much of that capital will be used to build The Delaney. Blue Moon is a firm that matches institutional investors with seniors housing operators. LCS is a seniors housing operator that focuses continuing care retirement communities (CCRCs).
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
