PARTNERSHIP TO BUILD ASSISTED LIVING/MEMORY CARE FACILITY

SAN ANTONIO — A partnership between Dallas-based MedProperties Holdings and Dallas-based Suntex Development, the development arm of Suntex Ventures LLC, has made an equity investment for the development of a 60-unit, 56,313-square-foot assisted living/memory care facility, located at the intersection of Lakeside Parkway and Cable Ranch Road in San Antonio. The facility will house 42 assisted living units and 18 memory care units. Austin-based TRISUN Healthcare will operate the facility, which will be designed by Austin-based DFD Architects and constructed by San Antonio-based Metropolitan Contracting Co. The unnamed facility is slated for a summer 2013 completion.