CEO.CA Chairman's Briefing

IRVINE, Calif., March 20, 2017 /PRNewswire/ -- Steadfast Senior Living announced plans today for another addition to their senior housing portfolio with a new ground-up development in Morgan Hill, Calif., just south of San Jose. The new facility will provide 67 apartment homes for seniors in need of assisted living and memory care.

"Our objective is to create quality assets in the senior living space," said Christopher Hilbert, president of Steadfast Companies, "We believe that this ground-up development in Morgan Hill will provide a great quality of life experience for residents with assisted living and memory care needs."

The two story, 62,000-square-foot development will consist of studio, one- and two-bedroom residences ranging from 400 square feet to 1000 square feet, and will feature high ceilings and spacious bathrooms and kitchenettes.

Planned amenities will include large common areas, lounges, bistro, spa, beauty salon, fine dining, fitness center, movie theatre, game room, computer lab and library. Residents will also enjoy an enclosed courtyard with fireplace, outdoor fountain, BBQ, putting green, gardens and walking paths.

Steadfast Senior Living currently owns two other assisted living and memory care communities, the newly opened GranVida, in Carpinteria, CA, and Crestavilla, currently under construction in Laguna Niguel, CA.

Ground breaking for the project is expected to begin in the summer of 2017 with the facility scheduled to open in 2018.

About Steadfast Senior Living
Steadfast Senior Living is a division of Steadfast Companies, a group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico and owns and/or operates over $5 billion in assets. Formed in 2015, Steadfast Senior Living focuses on pursuing quality real estate assets in the senior living market, including Independent Living, Assisted Living and Memory Care.  For more information, visit www.SteadfastSeniorLiving.com.

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SOURCE Steadfast Senior Living