Pace Loan Group

The Grove

Property Type
Senior Living
Project Type
New Construction
The Grove located in Austin, TX.

Property Description

The Grove is a new 222-unit senior living facility located within a mixed-use community in Austin, TX. Of the total units, 100 are independent living, 86 are assisted living, and 36 are dedicated towards memory care. Due to the range of living spaces available, this property gives residents the option to “age-in-place”, allowing them to stay at the property as their healthcare needs change.

C-PACE Improvements

The C-PACE loan financed water and energy-efficiency improvements for The Grove. These upgrades include building envelope improvements, water fixtures, roofing, and other measures that are expected to generate $484,656 in annual savings throughout the payback period.

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