News
Monarch Buys 240-Unit NM Community
Berkadia originated a $21.5 million Fannie Mae acquisition loan for the new owner, while a team from Marcus & Millichap represented the seller and procured the buyer.
Strawberry Fields Pays $15M for IL Skilled Nursing Facility
The current tenant of Landmark of Des Plaines, which leased the property at the beginning of 2018, will continue to operate under its 10-year lease.
Senior Housing Construction Flags as Occupancy Hits 8-Year Low
Independent living and assisted living facilities were on average 87.8 percent occupied in the second quarter, according to a new report by the National Investment Center for Seniors Housing & Care.
Redwood Capital Enters Phoenix with $118M Buy
The Chicago-based company made its first foray in the market by acquiring a 365-unit luxury community located in Scottsdale, Ariz.
Q&A: Brightview Senior Living’s CEO on Hiring Strategies, the Urban Push
Marilynn Duker leads a company that will soon own 40 communities in the Mid-Atlantic region. MHN spoke with her about some of the operational challenges facing her industry.
Chicago Multifamily Report – Summer 2019
The metro remains one of the few gateway markets that face a housing deficit in the year ahead, despite the record number of units scheduled for completion by year’s end.
Tides Equities Buys Phoenix Community for $57M
The real estate investment firm added a 436-unit community to its rapidly growing portfolio in the city. NorthMarq arranged the deal, including a $49.1 million bridge loan.
San Diego Communities Land $223M Refi
Totaling 803 units in the Kearny Mesa submarket, the two rental properties are part of the 232-acre Centrum Master Plan.
Investors Management Group Buys Atlanta-Area Property for $35M
The firm expanded its portfolio with the addition of a 264-unit community in Duluth, located approximately 25 miles from downtown Atlanta.
Zaremba Group Buys NC Community for $45M
The sale of the 191-unit luxury multifamily asset near Raleigh comes less than four months after the property opened its doors.