Sims had the opportunity to provide subordinate financing for the development of Legacy Oaks of Red Oak (the “Community”), a proposed 188-unit independent living, assisted living and memory care community located in Red Oak, TX, a southern suburb of Dallas, TX. The Community will be developed, owned, and operated by Civitas Senior Living (“Civitas”). Civitas is an experienced developer and operator, currently managing 32 communities with over 2,600 units.