Press Release | 07.14.2017

Construction Commences on Sage Senior Living at Atwater

Construction commenced in July 2017 on the Sage Senior Living at Atwater project located in Malvern, Pennsylvania, approximately 30 miles west of Philadelphia. The Atwater project will be named Echo Lake and will consist of 160 independent living units, 30 assisted living units and 60 memory care units. The community will be managed by Sage Senior Living, a privately-owned, regional seniors housing operator founded in 2002. Sage and MSP partnered with an institutional fund manager to provide the equity for the $100 million development with debt provided by Wells Fargo. Construction is expected to take 18 months with an anticipated grand opening in January 2019.