Calson Management and RSF Partners have plans to develop Bascom Senior Living, an 83-unit, 93-bed private pay assisted living and memory care community in San Jose, Calif.
JLL Capital Markets arranged $31.3 million in construction financing and a joint venture equity partnership for the development.
“We at Calson are beyond excited to partner with RSF and officially break ground on our first project together in what will be a long and harmonious relationship,” said Jason Reyes of Calson Management. “This capital support will help us grow exponentially quicker and more efficiently as we expand our ownership and operating portfolio across California.”
Once completed, the community will offer studio, one- and two-bedroom units featuring a 24-hour emergency response system, private baths with seated showers, closet space and individual air controls. Future residents will enjoy a variety of on-site community amenities, including designated dining rooms, a hob
