Autumn Leaves of The Woodlands – Memory Care Facility
Autumn Leaves of Woodlands, TX is a venture between Silverado and The LaSalle Group. This is the third investment by Silverado with LaSalle for the development of an Autumn Leaves memory care facility. Autumn Leaves of The Woodlands (a suburb of Houston, TX) is a 46 bed, single story, memory care facility. Construction began in October of 2009 with an anticipated completion date in August of 2010. The $1,650,120 investment was determined to be attractive due to the demand which continues to grow on a daily basis in terms of the number of people affected by dementia. This location has historically been considered a strong market with median incomes well above the state average. Over a 3-5 year period, it is anticipated, based upon LaSalle's past history, that an internal rate of return of 15-20% could be produced for Silverado's investors.