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Latest Atlanta & Southeast Senior Housing Stories
Atlanta, GA-based, minority-owned Bolster Real Estate Partners has announced as its inaugural project The Kourtney at Yates Road, a 122-unit stacked townhome rental 55+ community. Groundbreaking for the project is slated for early August. The $35-million mixed-use community in South Fulton is designed for empty nesters who want to lead an active and social lifestyle …
Miami-FL based Lloyd Jones has acquired Maybelle Carter, a 131-unit, senior living community in the Nashville submarket of Madison, TN. The property will operate under Lloyd Jones’ proprietary Sage Hill brand as Sage Hill Maybelle Carter. Maybelle Carter Assisted Living is Lloyd Jones’ third senior housing acquisition this year. In February, the firm added Aviva …
Latest Boston & New England Senior Housing Stories
MassHousing has closed on $15.2 million in affordable housing financing to Preservation of Affordable Housing to refinance the 104-unit Bridle Path Apartments in Randolph and extend the affordability for senior citizens living at the property for at least 32 years. As part of the transaction, POAH executed a new 20-year federal Section 8 Housing Assistance …
Lument has completed an $18.9 million U.S. Department of Housing and Urban Development /Federal Housing Administration Sec. 223(a)(7) refinance for The Guilford House, a 96-bed assisted living and skilled nursing facility in Guilford, CT. The closing refinances a blended-rate loan from 2019 provided by Lument to fund an expansion of AL units and services. Aaron …
Latest California Senior Housing Stories
Newpoint Real Estate Capital continues to strengthen its Southern California seniors housing platform, announcing Sean Huntsman as Senior Managing Director, Seniors Housing Originations and Katherine Stewart as Managing Director to lead Newpoint’s Seniors Housing Agency Platform. With a career origination volume totaling more than $5 billion, Huntsman brings 30 years of loan experience to Newpoint. …
SmartStop Asset Management has announced that it has changed its name to Strategic Asset Management (“SAM”), effective immediately. “The name reflects our continued commitment to our student and senior housing portfolio, while also expanding our platform to include conventional multifamily and industrial properties,” said John Strockis, SAM’s president. SAM will relocate its corporate headquarters to …
Latest Chicago & Midwest Senior Housing Stories
Senior living, life sciences and healthcare REIT Ventas announced today that it has entered into a revised agreement with senior living management company Sunrise Senior Living that is more “mutually beneficial and highly aligned” than the previous agreement between the two companies. The purpose of the new management agreement with Sunrise Senior Living is to …
Chicago-based Pathway to Living, the seniors housing arm of Waterton, has made two high-level additions to its leadership team. Alex Germain-Robin will join the firm as VP of operations and Shea Krause returns as VP of sales and marketing. Both will report to Jeff Floyd, who joined the firm as SVP, senior living operations earlier this year. “Both Alex and Shea bring a wealth of team-building, …
Latest Florida & Gulf Coast Senior Housing Stories
Stephen Ordway has joined ZOM Living as SVP of the company’s senior housing division. In his new role, Ordway will spearhead ZOM Living’s senior housing sector growth strategy, pursue opportunities to partner with best-in-class operators and develop communities that cater to today’s active and independent senior resident profile. He will prioritize identifying markets with unmet …
Castle Lanterra Properties has made its first acquisition in the active adult living (55+) asset class with the purchase of Diamond Oaks Village in Bonita Springs, FL. The recently constructed, Class A, Diamond Oaks Village is a luxury, 160-unit 55+ gated apartment community located between Naples and Fort Myers, in one of the most seniors-rich …
Latest Global Senior Housing Stories
Latest National Senior Housing Stories
Senior housing covers a broad range of types, from age-restricted housing and rental communities to assisted-living facilities. While most senior housing targets middle-income markets, some developers are focused on growing luxury senior housing. Within this particular niche, developers are betting on the fact that wealthier baby boomers will pay rents of $25,000 per month to …
Demonstrating seniors housing’s strong resilience from the COVID-19 pandemic’s adverse impacts, the vast majority of operators report pent-up investment demand and positive leasing trends in the first half of 2021, according to the CBRE U.S. Seniors Housing & Care Investor Survey. Survey respondents indicate significant investment growth is likely in the short-term, with full recovery expected in 2022. In …
Latest New York & Tri-State Senior Housing Stories
City housing agencies have chosen a development team to build approximately 195 deeply affordable homes for seniors in the Morrisania neighborhood of the Bronx. The team of NRP Group, Selfhelp Realty Group and Foxy Management was selected for the Sol on Park development. The Sol on Park development will give rise to a 15-story mixed-use …
Asland Capital Partners and Pembroke Residential Holdings have secured $100 million in financing to begin the development of 1940 Turnbull Ave., a 154-unit affordable residential property in the Bronx’s Soundview neighborhood. The 14-story project, scheduled for completion in fall of 2024, will be designated for seniors aged 62 years or older, with 30% of the …
Latest Phoenix & Southwest Senior Housing Stories
Greystone placed $140 million in total financing for both the refinancing and new construction of senior housing in Scottsdale. The firm’s Senior Housing Capital Markets Team, led by Dallas-based Cary Tremper and Matt Miller, arranged the financing from a national bank on behalf of Senior Resource Group, LLC. Phase I of the luxury senior living …
Nashville-based Brickstone Partners recently acquired 288 units comprised of the Landmark and Stone Creek apartment communities adjacent to Colorado State University. The total investment was $81 million. Brickstone will embark on a comprehensive upgrade of the circa-1986 properties. The communities include heated saltwater pools, club-quality fitness centers, dog parks and numerous outdoor spaces. “The communities …
Latest Seattle & Northwest Senior Housing Stories
Ziegler will be the advisor in a debt placement totaling $24 million on behalf of Onelife Senior Living to finance the construction of The Esther Assisted Living Community in Springfield, OR. The Esther will contain 103 units, and will be Onelife’s fifth assisted living and memory care complex in Oregon. The financing will provide a …
Harrison Street has sold a portfolio of five senior housing projects, valued at a total of $193.5 million, to The Springs Living group, according to a news release. The portfolio consists of 622 independent living, assisted living and memory care units located in Medford, Ore., Eugene, Ore., Butte, Montana and Billings, Mont. As of December …
Latest Texas Senior Housing Stories
2100 Memorial was so damaged during Hurricane Harvey four years ago, it had to be demolished. The Houston Housing Authority, and many of those involved in the rebuild staged a groundbreaking for a brand new 2100 Memorial. The site has been cleared and is ready for the needed site work before vertical construction can begin. …
SilverPoint Senior Living and Journey Capital are planning to develop a nine acre assisted living and memory care facility in Haslet, near Alliance Airport. The 100,000 square foot community will offer a clubhouse, walking trails, a dog park, golf cart pickup and delivery services. The community will be the fifth collaboration between SilverPoint and Journey. …
Latest Washington DC Senior Housing Stories
Senior living provider Mather has begun construction at The Mather, a continuum-of-care development in the Tysons neighborhood of McLean, VA. The $500-million development is in 50/50 equity partnership between Mather and real estate investment manager Westminster Capital. The Mather is open to those 62+ and offers a continuum of living options which enables people to …
Glen Allen, VA-based Capital Square 1031 has acquired a 55+ manufactured housing community in Sebastian, FL. The community was acquired on behalf of CS1031 Palm Lake Club MHC, DST. “This is Capital Square’s 10th acquisition of an age-restricted (55+) manufactured housing community in FL for the 1031/DST program,” said Louis Rogers, founder and chief executive …