Westminster Development Uses JEDA Bonds for Lexington Memory Care
Lexington, SC — Lexington County
Lexington Memory Care will use $12,005,000 in revenue bonds from the South Carolina Jobs-Economic Development Authority (JEDA) to construct a 48-unit senior living community in Lexington, SC. The financing is comprised of a $10,065,000 tax-exempt revenue bond issue and a $1,940,000 taxable issue and is expected to create 66 new jobs in the next 24 months.
The assisted living and memory care community will be located at Old Cherokee and Park Road, which will be the second senior living community which JEDA has financed in South Carolina for Alabama-based Westminster Development Co., LLC. Residents and families can confidently put their trust in Westminster Memory Care, which is managed by National HealthCare Corporation (NHC). NHC has been providing compassionate care to seniors since 1971. Founded by a physician, NHC provides Westminster Memory Care and its residents access to invaluable national expertise and resources.
— James L. “Skip” Deupree, the Birmingham businessman who began developing assisted living and memory care facilities as a result of becoming responsible for the care of his own parents
“We were privileged to work with Westminster Development on the financing of their Aiken facility and we’re delighted to assist them again in the financing of their Lexington project,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.
