Senior Housing

Greystone Secures Largest HUD Loan for Skilled Nursing Facility

The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.

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Security Properties Acquires 2 Portland Assets

Security Properties acquired two properties totaling 228 units located near downtown Portland. The company plans to implement a renovation plan for The Commons in order to preserve the long-term affordability of the building.

Market Rate

Marcus & Millichap Facilitates $30M Sale of Affordable FL Asset

Evan Kristol and Felipe Echarte, first vice presidents of investment, represented the seller, a New York-based investment group, and procured the buyer for Cabana Club Apartments, a 332-unit community for seniors in Miami-Dade County.

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Regions

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Watercrest JV Unveils FL Luxury Senior Project

The 128-unit community in Naples will break ground in November and is slated for completion in early 2019. This marks United Properties’ first senior housing project in the state.
South 21 July 2017 13:22
New Luxury Senior Living Community Coming to Dallas

Construction is underway at Firewheel Senior Living Residences, a new 154-unit community in Garland, Texas. Seneca Investments plans to open the property by the end of 2018.
Dallas 18 July 2017 12:31
MedEquities Buys IN Skilled Nursing Facilities

Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
Cincinnati 18 July 2017 08:51
JV Brings 156 Senior Units to Charleston

Alex Brown Realty, Wakefield Capital and Affinity Living Group are developing a 120,000-square-foot community slated for completion in June 2018.
South 18 July 2017 08:21
Art Therapy Products Made for Memory Care Communities

Interior design firm studioSIX5 developed two new products to engage with the senses of residents in memory care communities: an LED memory box and an integrated music therapy chair.
National 13 July 2017 16:13
RD Management, Big Rock Partners Plan Senior Housing

Villages of Windsor in South Florida is scheduled to open in October, while Windsor at Celebration in the Orlando area has a March opening date.
Orlando 13 July 2017 08:51
MedEquities Buys CT Skilled Nursing Facility from Prospect Medical

Prospect ECHN Eldercare Services Inc. leased the 65,000-square-foot property in Tolland, Conn., which changed hands for an aggregate cash price of $10 million.
Northeast 10 July 2017 16:45