Green Bank Client, The LaSalle Group, Inc., Breaks Ground on New Assisted Living Facility
Autumn Leaves of Pearland part of significant growth trend in senior care sector
Online, March 30, 2011 (Newswire.com) - Dallas-based developer The LaSalle Group, Inc. broke ground recently on its newest Alzheimer's and memory care facility for the Houston area - Autumn Leaves of Pearland. Houston-based Green Bank is funding the project, which is expected to be completed in the fall of 2011.
"It has been a pleasure working with the LaSalle Group, and we share their excitement is seeing their brand of private-pay facilities established in the Houston market," said Chad Bowser, commercial banking vice president at Green Bank. "For Green Bank, this is a portal to supporting more businesses working in the healthcare sector, as the need for providers like this continues to increase."
The 26,000-square-foot facility in Pearland will boast 46 beds. Autumn Leaves, recognized as Texas' leading specialized memory care assisted living provider, already has three facilities in greater Houston, and plans to establish a total of 10 to 12 in the area over the next few years.
"We recognize that senior care and home healthcare are fast-growing segments, and we are certainly interested in them" said Green Bank President Geoff Greenwade. "We are increasingly in a position to work with more entrepreneurs in this field; our commercial operations are expanding with loans, lines of credit and owner-occupied real estate loans in the $1 to $15 million dollar range."
The LaSalle Group has Autumn Leaves communities operating in North Texas, the greater Chicago area and a facility currently under construction in Tulsa, Oklahoma.
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