Arbah Capital announces the signing of a joint venture with a leading developer and a major Senior Care operator, to develop and operate Senior Care facilities in Florida, USA.

Arbah Capital ^ | November 18, 2019 | Unknown

[4Runner]

Saudi-based Arbah Capital announces the signing of a joint venture agreement in the growing sector of Senior Care facilities in the United States, with a leading Real Estate Developer, Madison Marquette, and a top 20 Senior Care Operator, Meridian Senior Living, both of whom will also co-invest into the portfolio.

The first development is of $35m and is a premier Class A Senior Living community with 136 units/144-beds of Assisted Living and Memory Care, located 12 miles to the east of downtown Tampa, in Brandon, Florida. The Investment Strategy is to exploit the opportunity to develop and provide the best community experience and facility in an undersupplied sub-market at rates comparable to existing “older” facilities.

The facility will initiate operations and aim to achieve occupancy stabilization before an exit is proposed. A market study by the nationally recognized Integra Realty Resources concludes that the submarket is currently underserved by over 600 units.

[4Runner]

Why are the Saudis investing billions in the Florida nursing care market, instead of in other Arab countries, of which there are many? And why are they being allowed to do so? Where is Governor DeSantis on this? Yes the article is from 2019 but this influx of Muslim investment and control continues daily. Why are we not prohibiting Muslim capital from ownership of nursing homes or anything else in the State of Florida? This is at a time when conditions in these facilities continue to be problematic, with abusive conditions prevalent and very little meaningful governmental oversight of any consequence at hand. What is Florida doing, feeding America's own senior citizens to the enemy?

[Red Badger]

They are getting in on the ground floor before the Somalis ............

[SuperLuminal]

Camel's nose hump inside the tent?
Where is DeSantis, indeed!

[citizen]

No more foreigner exploitation! The average Saudi is no more trustworthy than a SOMA-LIE.