News

The Senior Housing Boom’s Ripple Effect

Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth.

Senior Housing

Jersey Asset Commands $147M Refi

New York Life originated a 10-year loan on behalf of Sterling Properties. The asset is located in a northern New Jersey market with high barriers to entry.

Market Rate

Taurus Snags $34M Raleigh Community

Acquired from Chaucer Creek Capital, the 23-year-old property in the city's Northwest submarket is slated for a major makeover.

Market Rate

Regions

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Pathfinder Expands Portland-Area Footprint with Sixth Acquisition

The company purchased The Habitat, an 85-unit community previously owned by Fowler Property Acquisitions. Cody Hagerman and Greg Fink of Portland-based HFO Investment Real Estate brokered the $15 million transaction.
Portland 15 August 2017 15:21
Farb Homes to Start High-End Houston Project

The developer will begin work on the 264-unit community in late August and expects to deliver the project within 24 months.
Houston 15 August 2017 14:41
Master Plan Brings Green to SoCal Desert

Family Development and Presidio Residential Capital have received the go-ahead for a 660-acre development in Riverside County, Calif. Comprising apartments, condominiums, townhomes and single-family homes, the project would be the first of its kind in the Coachella Valley.
Inland Empire 15 August 2017 13:47
L.A. Portfolio Refinanced for $550M

In the largest deal to date for Fannie Mae's Green Rewards program, Walker & Dunlop structured loans for four Los Angeles-area communities owned by Douglas Emmett Inc.
West 14 August 2017 19:55
948 Affordable Units Preserved in the Bronx

LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp.
New York 14 August 2017 16:22
JLL Secures Acquisition Loan 332-Unit Affordable Community

Sunridge 332 Partners LP landed a Freddi Mac loan through the Targeted Affordable Housing program. The west Dallas community is located minutes from President George Bush Turnpike and Interstate 20.
Dallas 14 August 2017 15:15
Tucson Community Trades for $38M

ROC Senior Living acquired Mission Palms from Stoneweg US. The property’s value rose by 46 percent since the last time it traded in 2013.
Phoenix 14 August 2017 14:35