Senior Housing

McCaffery CEO: Right Design, Operator Behind $500M Senior Housing Pipeline

October 30, 2019
Modena Reserve at Kensington, Senior Living DC

McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based Solera Senior Living.

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Senior Living
Senior Housing
Modena Reserve at Kensington

Developers Secure Financing To Break Ground On $75M Senior Living Project In Montgomery County

August 22, 2019

McCaffery and Solera Senior Living announced Thursday they established a partnership with AEW Capital Management and secured a construction loan from M&T Bank to break ground on the 135-unit Modena Reserve at Kensington. The $75M project is expected to break ground this month on a 2-acre site at the intersection of Metropolitan Avenue and St. Paul Street and deliver in early 2021. The 167K SF building is planned to include a 10K SF courtyard, multiple restaurants, a wine bar, a café, a penthouse lounge and a fitness center.

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Modena Reserve
Kensington
Senior Housing
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