Business Specialties
Raleigh Senior Community Expands
Kisco Senior Living’s Cardinal at North Hills will expand its campus with a 15-story high-rise building, which will add 160 units to the property.
Miami-Area Community Receives $32M Take-Out Loan
Berkadia arranged the 12-year loan through Fannie Mae. The community, completed in 2017, is located near the Ronald Reagan Turnpike and Homestead Air Reserve Base.
Housing Trust Group Completes Phase 1 of AZ Luxury Property
Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.
The Williams Co. Secures $18M for Knoxville Asset
The new financing package will enable the company to update the 198-unit property and pay off $16.5 million in existing debt.
CA Senior Community Lands $10M in Construction Financing
Vine Ridge is an upcoming 51-unit, 42,000-square-foot assisted living community located along the Russian River in Sonoma County.
FL Assisted Living and Memory Care Center Breaks Ground
The luxury Watercrest Naples community will feature 96 assisted living and 32 memory care units, and will provide resort-style amenities to future residents.
Northeast Buyers Shift Focus to Miami
Henry Torres, president & CEO of The Astor Cos., talks to MHN about how tax reform has encouraged buyers to look south, and why Coral Gables is proving to be an attractive place for investment.
JPI to Develop Santa Clarita Community
Jefferson Vista Canyon, a 480-unit apartment community in the master-planned Vista Canyon in California, is slated for completion in 2020.
TX Property Secures $21M
Arbor Realty Trust provided a two-year adjustable bridge loan for the Breeze at Lake Barbara, a 520-unit property in Clute.
GMH Capital Partners Opens PA Upscale Asset
The Pendleton at Cranberry Woods is 25 minutes north of downtown Pittsburgh and offers 320 units.