What is Centric Development?
Headquartered in Atlanta, Georgia, Centric Development operates as a specialized developer and operator of senior living communities. By maintaining an integrated approach that spans the entire lifecycle of a project—from initial site development and construction to the long-term management of residential care facilities—the company effectively mitigates risks associated with third-party dependencies. Their portfolio addresses the growing demand for diverse residential care levels, positioning them as a critical player in the aging-in-place infrastructure market. The firm's ability to execute complex construction projects while maintaining high standards of operational care distinguishes it from traditional real estate developers.
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?
With this latest round of financing, Centric Development is well-positioned to accelerate its pipeline of senior living projects. The strategic allocation of this capital will likely focus on expanding their geographic reach and enhancing the technological infrastructure within their memory care units. As the demographic shift toward an aging population continues to drive demand for high-quality residential support, the company's focus on operational excellence and lifecycle management will be pivotal. Future growth will likely involve scaling their construction capacity to meet the increasing need for specialized care environments, ensuring they remain at the forefront of the senior housing industry.
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