Summerlin Cypress
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Summerlin Cypress

Cypress, TX

Residential - Senior Housing

Due Diligence & Development Oversight

Role

RPL provided diligence support services prior to investment closing and watched over the design and construction process through occupancy.

Unique Approach

  • Challenging weather and inspections

Outcomes

  • Project completed per business plan
  • Opened successfully for residents

Scope of Work

Development of senior housing (independent living) facility with 126 units, plus common amenities and support areas.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Cypress, TX
  • Size: 4 floors, 126 units, 2 buildings, 146,500 RSF
  • Timeline: 2017 to 2019
  • Services: Due Diligence & Development Oversight
  • Cost: $ 30 million
  • Architect: REES Associates
  • Contractor: Consolidated Construction Co.