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Transactions - SEPTEMBER 9, 2021

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Shelbourne Healthcare JV to develop St. Louis senior housing project

by Andrea Zander

A joint venture between Shelbourne Healthcare and Cedarhurst has plans to develop a 150-unit independent living, assisted living and memory care community in Chesterfield, Mo.

The project received $35.9 million in construction financing.

The planned property will include 37 assisted living units, 17 memory care units, and 96 independent living units.

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