Bridgewood Property Company and Harrison Street have delivered The Village on Morehead, a $100 million, 12-story Charlotte luxury rental community that includes 192 units for seniors age 55+.
The Village on Morehead is a membership-only community, which requires residents to pay a one-time entry fee and sign a 12-month lease. Monthly rental and entry fees vary by unit size, starting at $5,875 and $10,000, respectively.
The Village on Morehead is currently 25% occupied and expected to be fully leased in 2025. Choate Construction was the contractor.
Bridgewood Property Company is a Houston-based real estate developer of over 4,700 senior living units across the United States with over 30-years of experience developing and managing premier senior living communities.
Harrison Street is a leading investment management firm exclusively focused on alternative real assets. Headquartered in Chicago and London with offices throughout North America, Europe and Asia, the Firm has more than 280-employees and nearly $56 billion in assets under management. Clients of the Firm include a global institutional investor base domiciled in North America, Europe, Asia-Pacific, Middle East and Latin America.
