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PMMA Breaks Ground on $140M Aberdeen Ridge CCRC in Colorado Springs

COLORADO SPRINGS, Colo. — Presbyterian Manors of Mid-America (PMMA) has broken ground on Aberdeen Ridge, a continuing care retirement community (CCRC) campus in Colorado Springs.

In 2018, PMMA acquired a Texas nonprofit corporation, which owned an undeveloped 15.3-acre site within Garden of the Gods National Park, and which already had the permits and approvals for a senior living community.

Aberdeen Ridge is scheduled for completion in 2023 and will feature 171 one- and two-bedroom independent living residences, 40 assisted living apartments and 24 memory care suites. The homes will vary in size and will start at a monthly fee of approximately $3,650 and an entrance fee of approximately $375,000.

Ziegler arranged $140 million in bond financing through the Colorado Health Facilities Authority for the project. Greystone served as an advisor in the planning of the community.

The post PMMA Breaks Ground on $140M Aberdeen Ridge CCRC in Colorado Springs appeared first on Seniors Housing Business.

Source: Senior Housing Business

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