ORLANDO, Fla.—CNL Healthcare Properties, a REIT focused on senior housing and health care facilities, is investing approximately $16.2 million to expand its 263-unit senior housing community on the Raider Ranch campus in Lubbock, Texas. The expansion project, which is being developed with Dallas-based companies South Bay Partners Ltd. and Integrated Real Estate Group, will house 42 independent living apartment units and 30 independent living villas.

“In 2013, CNL Healthcare Properties acquired The Club at Raider Ranch and the Isle at Raider Ranch,” Kevin Maddron, senior vice president of CNL Healthcare Properties, told GlobeSt.com. “Through this expansion, we can fully complete the campus to its potential with new units in high demand. We are delighted to have the opportunity to add to the value of the Raider Ranch campus and better meet the needs of the community."  

The new development is adjacent to The Club at Raider Ranch and The Isle at Raider Ranch senior housing communities. Combined, they have 153 independent living units, 80 assisted living units and 30 memory care units.

Once the expansion is complete, the combined campus will offer a variety of living and care options across the community's 335 units. The Club at Raider Ranch and The Isle at Raider Ranch are both managed by Integrated Senior Living LLC, which will also manage the new units.

“Further developing the Raider Ranch campus will not only add value to our initial investment, but will also allow this community to better serve people as they age and their healthcare needs change,” says Maddron.“We are excited about this opportunity to expand our portfolio in this key market, while also further strengthening our relationships with both Integrated Senior Living and South Bay.”

South Bay and Integrated Real Estate Group have completed projects valued at more than $2 billion combined in the last 20 years. Earlier this year, CNL acquired several other communities developed by South Bay and announced a deal to jointly develop an independent living community in Katy, Texas.