Cabarrus Manor was the third facility in North Carolina to be completed and recently received its certificate of occupancy. Ten residents have already moved into the project, but the COVID-19 pandemic has slowed marketing efforts and will likely postpone future move-ins due to tightened quarantine protocols from state leadership in North Carolina. The construction duration spanned from March 2017 through October 2018. The facility is located at 4821 Kannapolis Parkway in Kannapolis, North Carolina. Comprised of 35,500 square feet, it features 67 beds, housed in 59 private and semi-private units, serving both Assisted Living and Memory Care residents. The total capital expenditures for the construction and development of Cabarrus Manor amounted to approximately $13.1 million. The EB-5 funds invested in the project amount to $4.5 million.
