The Sparta Senior Living project, now named “The Landings of Chestnut Grove”, is the development, construction, and operation of a new Assisted Living and Independent Living Facility in Sparta, North Carolina.
Comprised of 37,936 square feet, Sparta Senior Living features 72 beds, housed in 24 assisted living units (40 beds) and 32 independent living units (32 beds). Sparta Senior Living is a traditional design, aiming to provide an affordable facility that caters directly to the middle-class demographic within the region. The Facility features desirable amenities such as a salon, bistro, wellness center, and activity rooms for residents to enjoy.
The Project combined foreign capital from 6 qualified EB-5 immigrant investors with conventional financing and an equity contribution from the Developer.