Hines and Clearwater Living Senior Housing Fund V to Recapitalize and Rebrand Luxury Senior Living Facility Clearwater at The Heights in Houston

Clearwater at The Heights in Houston
Located in Houston’s vibrant Heights neighborhood, the seven-story, 182.3k sf senior living community opened in 2022 and consists of 220 independent living, assisted living and memory care residences with floor plans ranging from studios to two-bedrooms.

Hines, Clearwater Living Senior Housing Fund V (a Clearwater Living investment vehicle) and an institutional investor have formed a joint venture to successfully recapitalize and rebrand Clearwater at The Heights in Houston.

This initiative introduces Clearwater Living as the new manager of the luxury senior living community previously known as The Watermark at Houston Heights, and marks Clearwater Living’s first venture into the Texas market.

Designed by Muñoz + Albin, the community boast exceptional amenities including fitness rooms with yoga and other wellness classes, an art studio, an outdoor heated swimming pool suitable for aerobics classes and therapy, a salon with an onsite spa, and a golf simulator. Residents can choose from several dining options, including a café, a bar, a formal dining room, and a more casual gallery on the top floor that offers stunning skyline views.

Clearwater is committed to promoting healthy, empowered lifestyles within its communities. Residents benefit from comprehensive care services including access to a licensed nurse, round-the-clock care partners, medication coordination, and regular monitoring. Collaborations with local care providers also offer physical therapy, occupational therapy, and speech-language pathology services, embodying Clearwater’s philosophy of Empowered Living. Clearwater currently features eleven communities across California, Nevada and Arizona, with more properties currently under development.

Hines is dedicated to redefining the future of senior housing by leveraging its extensive development expertise and global network to create state-of-the-art, hospitality-inspired communities. The firm currently owns stakes in seven senior housing communities across the United States, including two in Houston.

Since 1996, Principals of Clearwater Living have been actively engaged in the ownership, operation, and development of high-quality senior living communities nationwide. More specifically, the Principals of Clearwater have been an integral part of creating various senior living platforms for operators as part of senior management. In 2011, Clearwater Living was formed for the sole purpose of providing entitled land and developing senior living communities for operators and their financial stakeholders. By combining best practices learned and aligning with top-of-class industry professionals, Clearwater Living’s primary objective is to expedite the process of supplying innovative projects to meet the growing demand of active adult and senior living communities.