Mather, an award-winning senior living provider, announces that it has secured $300 million in construction financing for The Mather, a luxury Life Plan Community being constructed in Tysons, Virginia, with the syndicated transaction led by The Huntington National Bank.
Expected to open in 2024, The Mather is a $500 million development. A 50/50 equity partnership between Mather and real estate investment manager Westminster Capital, the project is also being funded with equity from Mather and Westminster, as well as a portion through a 10-year taxable green bond issuance from Mather Foundation.