There's a lot of investors and commercial construction experts looking for senior housing projects in Texas. The Baby Boomer Generation has started to retire. Many look to Texas for affordable living space in a warm climate.

Dallas, Houston, and San Antonio are some of the most popular Texas cities for second homes or retirement besides the coast. i read today that a Dallas-based company refinanced a 649-unit portfolio for three upscale senior housing projects.

Due for completion in late 2007, the Class A portfolio includes a senior housing community and two traditional multi-family properties. Amenities at the properties include clubhouses, fitness centers, 40-seat movie theatres, business centers, game rooms, pools and libraries.

Among the properties are the 237-unit Conservatory at Alden Bridge, located in the Houston suburb of The Woodlands; the 190-unit Conservatory at Champion Forest, in the Houston suburb of Spring; and the 222-unit Conservatory at Plano in the Dallas suburb of Plano.

Link: $93M Financing Upgrades 3 Texas Seniors Projects.