(HOUSTON) – Hines, the global real estate investment manager, Clearwater Living Senior Housing Fund V—a Clearwater Living investment vehicle—and an institutional investor have formed a joint venture to successfully recapitalize and rebrand Clearwater at The Heights in Houston. This initiative introduces Clearwater Living as the new manager of the luxury senior living community previously known as The Watermark at Houston Heights, and marks Clearwater Living’s first venture into the Texas market.
“Hines is proud to continue our involvement in this community, underscoring our commitment to enhancing senior housing in Houston and beyond,” said Meg Meliet, managing director at Hines. “Bringing Clearwater Living to Texas represents the first step in what promises to be a growing and fruitful partnership. We are confident that Clearwater's focus on enhancing the lifestyles of seniors will perfectly complement our hospitality-inspired design, ensuring that residents of Clearwater at The Heights thrive."
Located in Houston’s vibrant Heights neighborhood, the seven-story, 182,284-square-foot senior living community opened in 2022 and consists of 220 independent living, assisted living and memory care residences with floor plans ranging from studios to two-bedrooms. Designed by Muñoz + Albin, the community boast exceptional amenities including fitness rooms with yoga and other wellness classes, an art studio, an outdoor heated swimming pool suitable for aerobics classes and therapy, a salon with an onsite spa, and a golf simulator. Residents can choose from several dining options, including a café, a bar, a formal dining room, and a more casual gallery on the top floor that offers stunning skyline views.
"We are delighted to add Clearwater at The Heights to our portfolio of Class-A senior living communities," said Danielle Morgan, Clearwater Living's president and COO. "Each of our communities epitomizes our steadfast commitment to offering residents the essential emotional, physical and social experiences that allow them to thrive. We are excited to partner with Hines and bring Clearwater's passion for empowering seniors to Houston Heights, a historic neighborhood known for maintaining its sense of community in the heart of one of the country's largest cities."
Clearwater is committed to promoting healthy, empowered lifestyles within its communities. Residents benefit from comprehensive care services including access to a licensed nurse, round-the-clock care partners, medication coordination, and regular monitoring. Collaborations with local care providers also offer physical therapy, occupational therapy, and speech-language pathology services, embodying Clearwater's philosophy of Empowered Living. Clearwater currently features eleven communities across California, Nevada and Arizona, with more properties currently under development.
Hines is dedicated to redefining the future of senior housing by leveraging its extensive development expertise and global network to create state-of-the-art, hospitality-inspired communities. The firm currently owns stakes in seven senior housing communities across the United States, including two in Houston. These communities are designed to provide intergenerational living environments that offer more than just upscale residential settings—they ensure that seniors can age with dignity and enjoy a quality of life characterized by luxury and comfort. Hines is actively planning to expand its senior housing portfolio, with several projects in the planning that promise to further establish its leadership in creating transformative living spaces for seniors.
For more information on Clearwater at The Heights, visit ClearwaterAtTheHeights.com.
About Hines
Hines is a leading global real estate investment manager. We own and operate $93.2 billion1 of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 65-year history to build the world forward by investing in, developing, and managing some of the world’s best real estate. To learn more, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.
About Clearwater Living
Clearwater Living® is committed to providing the most superior customer service and living experiences that celebrate individual relevance, from our residents and their families to our family of team members. Clearwater is growing through strategic acquisitions, development, and operational management of senior living communities throughout the western United States. Every Clearwater Living community practices a holistic approach to successful aging and personalized care that improves the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.com.
