Case Study
HJ SIMS PARTNERS WITH LONG-TIME CLIENT, HARBOR’S EDGE, TO FACILITATE $200 MILLION EXPANSION HYBRID FINANCING
HJ SIMS PARTNERS WITH LONG-TIME CLIENT, HARBOR’S EDGE, TO FACILITATE $200 MILLION EXPANSION HYBRID FINANCING
CASE STUDY PARTNERED RIGHT ® Fort Norfolk Retirement Community, Inc. (d/b/a Harbor’s Edge) is an existing life plan community, which opened in September 2006 and consists of approximately 159 independent living apartments, 33 assisted living units, 15 memory-support units, 33 skilled nursing beds and related common amenities. Harbor’s Edge is located on the banks of the Elizabeth River in Norfolk, Virginia. The original vision for the community included approximately 300 independent living units, which ultimately was divided into two phases. In October 2017, Harbor’s Edge started accepting 10% deposits for the River Tower achieving 70% presales in September 2018. The River Tower will contain 147 additional independent living apartments, 20 assisted living units, par