A developer operating under the name HSH-Chandler Owner AZ has acquired a 7.49-acre land site to build Cadence at Carino Commons, a full service senior housing project. HSH-Chandler acquired the site from Carino Commons Investors LLC for $3.3 million.

The three-story project 206,283-square-foot project will feature 191 units and include independent living, assisted living and memory care residences. The unit mix will include 26 Memory Care units, 18 Studios, 99 one-bedroom and 48 two-bedroom units. It will break ground in September and is scheduled for delivery in 2021.

Tim Dulany, SVP at Colliers International, represented the buyer, while Larry Ortega, EVP of Colliers International, represented the seller.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Senior Housing
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Development
West