Madison Marquette announced the closing of a major construction loan and the start of the development in partnership with Saudi-based Arbah Capital on a 135-bed senior living facility located in Punta Gorda Isles, Fla.
This transaction marks the continued leadership of Madison Marquette in the senior living space — with the company recently having also developed with Arbah Capital a 117,000-square-foot, 144-bed community, east of downtown Tampa, in Brandon, Fla., and invested in additional projects across the country. Madison Marquette partnered with Arbah Capital and Meridian Senior Living to secure the equity capital for the two Florida projects.
The $37 million Punta Gorda development is slated for completion/resident move-ins beginning in early first quarter 2023 and will be operated by Meridian Senior Living. The class A, 116,000-square-foot facility will be located on 4.4 acres on Aqui Esta Drive, about 10 minutes from Tamiami Trail in Punta Gorda. Thi
