WESP Healthcare Holdings
WESP Healthcare Holdings is fully subscribed, and consists of undeveloped land and currently consists of one project. The Total Project Cost (TPC) committed to date through the program totals approximately $10.0M representing invested equity capital of approximately $6.2M.
When completed, the campus will house approximately 561 total units in cottages, independent living rentals, independent living condominiums, an assisted living facility and a related Laurels of University Park skilled nursing facility (currently operational).
In February 2012, 11.46 acres were sold for approximately $1.9M. All of the net proceeds of the sale were applied directly to the outstanding project debt. The project originally held 36.91 acres of which 25.45 acres remain.
|Original Investor Approved Project Cost:|
|Total Project Cost (TPC)||$10,033,507|