What is Centric Development?
Centric Development operates as a sophisticated, vertically integrated entity that functions simultaneously as an owner, operator, developer, and general contractor. By maintaining control over the entire lifecycle of its projects—specifically the Amplify and Brickmont brands—the company ensures a high standard of quality in senior living communities. With a portfolio exceeding one million square feet, the firm specializes in state-of-the-art assisted living and memory care facilities. Their strategic focus on meticulous design and operational excellence allows them to address the growing demand for premium senior housing in key markets such as Virginia and Georgia, effectively bridging the gap between real estate development and specialized healthcare services.
How much funding has Centric Development raised?
Centric Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2021): $150K with participation from PPP
Key Investors in Centric Development
PPP
Public-Private Partnership
What's next for Centric Development?
Following this late-stage capital injection, Centric Development is poised to scale its operational footprint and enhance its existing property portfolio. The strategic allocation of these funds will likely prioritize the acquisition of new development sites and the optimization of current facilities to meet evolving regulatory and consumer standards in the senior care industry. By leveraging its unique position as both a developer and operator, the company is expected to drive further efficiencies in project delivery, potentially setting new benchmarks for the senior living sector. Future growth will likely center on expanding the reach of the Amplify and Brickmont brands into underserved regions, solidifying their market presence as a premier provider of high-end senior residential solutions.
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