With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.
The Reasons Behind Skilled Nursing’s Occupancy Decrease
Bill Kauffman, senior principal at NIC, discusses the key findings of the organization’s latest report on the industry. He also touches on the new recipe for a successful business model in the sector.
Boston Luxury Community Trades for $43M
Grossman Cos. teamed up with The Waypoint Cos. to sell the recently completed, 80-unit property situated in the Allston neighborhood.
LA-Area Affordable Senior Housing Lands Refi
The 114-unit community dates back to 2002 and is available for 55-plus residents, earning 60 percent of the area median income.
Marcus & Millichap Brokers Sale of 2 WV Properties
The communities are situated north of central Morgantown and have a combined 409 units in 29 individual buildings.
Colliers Brokers Record Sale of West Seattle Community
Completed in 2015 and a 6-mile drive of downtown, the 38-unit asset sold for a record price in the West Seattle area.
Indian Reservation Community in WA Lands $43M Financing
The 216-unit workforce housing project near Spokane will be part of the Northern Quest Resort & Casino. The deal marks Freddie Mac’s first development on Native American tribal land.
Staten Island Skilled Nursing Facility Lands $21M Refi
The new, HUD-insured permanent loan provided by Greystone for the 238-bed skilled nursing facility represents a permanent exit from the prior interim financing.
PA Retirement Community Completes Affordable Expansion
The $10 million project added 48 rental units for residents 62 and over to the existing Windy Hill Village, which houses 179 people.
Goodman Real Estate Buys WA Property for $32M
Colliers brokered the sale of the apartment community, which encompasses 216 units in six buildings. The 1985-built property was recently renovated.
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.