Investment firm Monarch Private Capital (MPC) (Atlanta) is partnering with Dominium (Plymouth, Minn.), an affordable housing provider and The Beverly J. Searles Foundation (Atlanta), a not-for-profit developer and owner of multifamily housing for seniors and disabled residents, to open an affordable senior living community for residents age 55+ in Lawrenceville, Ga.

The $50 million project, Grayson Ridge, will feature 240 units with a mix of one-, two-, and three-bedroom options.

The community is expected to be completed in the first quarter of 2022.