Capital One Provides Financing for 182-Unit Heartis Venice
Caddis, a healthcare real estate investment, development and management firm, secured $35.7 million construction loan with Capital One to help fund its Tampa-area senior housing project, dubbed Heartis Venice.
Located at 1199 S. Tamiami Trailin Venice, Florida, the three-story Heartis Venice real estate investment is set to total 190,000 square feet and include 182 independent living, assisted living and memory care apartment units.
Services include a community shuttle service, nurse-supervised staff, 24-hour emergency call system, housekeeping and laundry services, and assistance with personal activities.
Caddis introduced 20 different properties under its Heartis brand since 2013.
Lantz-Boggio, headquartered in Greenwood Village, Colorado, is the project’s architect and Marietta, Georgia-based Freese Johnson is the project’s general contractor.
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