ORIX Corp. USA’s Municipal & Infrastructure Bus. Completes Preferred Equity Investment for Texas Senior Housing Community
21 Abril 2021 - 8:00AM
Business Wire
ORIX Corporation USA (ORIX USA), the Americas business of the
international financial services group ORIX Corporation (ORIX),
announced today that its Municipal and Infrastructure Finance
business completed a preferred equity investment for the
construction and start-up costs of a 103-unit senior housing
community in Aledo, TX. Civitas Senior Living and Journey Capital
will develop the community.
Based in Fort Worth, TX, Civitas is a fully integrated
developer, owner, and operator of senior housing communities across
the southern United States. Civitas currently operates over 40
communities, with more than 4,500 independent living, assisted
living, and memory care beds.
“ORIX USA has a long-term commitment to expanding affordable and
senior housing and is pleased to partner with Civitas to provide
additional senior housing in Texas,” said Rob Wetzler, Managing
Director and Head of ORIX USA’s Municipal and Infrastructure
Finance business.
Dallas-based Journey Capital is an asset manager focusing on
senior housing development and acquisitions. The community in
Aledo, one of the fastest-growing towns in the Dallas-Fort Worth
Metroplex, will be Journey’s seventh senior housing investment and
third development with Civitas.
“We are excited to partner with ORIX USA and Journey as we
expand our vision of transforming the senior living industry in
Texas and across the US,” said Jay Dempsey, Managing Partner and
Co-Founder of Civitas. “ORIX USA has been a long-standing
development partner providing innovative and flexible financing on
several Civitas projects.”
ORIX Corporation USA (ORIX USA)
Since 1981, ORIX USA has provided innovative capital solutions
that clients need to propel their business to the next level. With
a focus on merchant banking, commercial finance, and asset
management, ORIX USA and its subsidiaries — Boston Financial
Investment Management, Lument (the combined company of Hunt Real
Estate Capital, Lancaster Pollard, and RED Capital), NXT Capital,
RB Capital, Signal Peak Capital Management and ORIX Capital
Partners—include a team of more than 1,300 employees spanning more
than 50 offices across the US and Brazil.
A business unit of ORIX USA, the Municipal and Infrastructure
Finance Group is an innovative and flexible investor with the
ability to provide debt, mezzanine, and equity capital to a variety
of public and private financings. The Municipal and Infrastructure
strategy focuses on investing in both taxable and tax-exempt
issuers and projects. The team’s investment portfolio includes
transactions in a wide range of industries, including healthcare,
senior housing, education, infrastructure, and land
development.
ORIX USA and its family of companies have $87 billion of assets
under management, administration, and servicing (including $10
billion held by the Company and its subsidiaries) as of December
2020. Its parent company, ORIX Corporation, is a publicly owned
international financial services company with operations in 37
countries and regions worldwide. ORIX Corporation is listed on the
Tokyo Stock Exchange (8591) and New York Stock Exchange (IX). For
more information, visit orix.com.
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Rohini Pragasam Rohini.Pragasam@orix.com 646.319.3680
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