Expertise in Action

GRS | Corteq Provides Services on $16.7 Million Senior Housing Community Acquisition in Louisiana

GRS | Corteq recently provided assessment services, on behalf of its client, Keybank Real Estate Capital, on a $16.7 million Freddie Mac acquisition loan for a senior housing community in Louisiana.

The Trace at Claiborne Hill is a 94-unit seniors housing community located in Covington, LA—across Lake Pontchartrain from New Orleans. The property, built in 2009, features independent living and assisted living services.  It also includes as a 24-unit, secured memory care building that was added in 2014.

GRS | Corteq services provided included a Phase I Environmental Site assessment and Property Condition Assessments.  GRS | Corteq Director, Julie Sorensen, spearheaded the services package.