Multifamily news in Senior Housing - Boston
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LCB Senior Living Opens Boston-Area Senior Community
The developer broke ground on the 90-unit assisted living and memory care facility in 2018.
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MassHousing Provides $25M Financing for Massachusetts Community
The funds will be used to renovate the community, as well as to extend the affordability of the senior housing.
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Nonprofit Receives $27M for Affordable Senior Community
The 160-unit property located 16 miles south of Boston will undergo important upgrades, including $6 million in renovation works.
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Cambridge Housing Authority Lands $45M Loan for Boston Senior Community
MassHousing provided the funds that will preserve the 198-unit property's affordability for at least 20 more years.
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Nonprofit Lands Financing for Affordable Community
MassHousing and Rockport Mortgage Corp. provided a permanent loan that will preserve and extend the 60-unit property’s affordability.
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Pennant Buys, Preserves Affordability of Boston Senior Community
The company acquired the 89-unit affordable property through the Section 13A program.
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Capitol Seniors Housing Opens Boston-Area Community
Stone Hill at Andover is operated by The Northbridge Cos. and features 96 units providing independent living, assisted living, and memory care.
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Senior, Disabled Community in Boston Area Scores $10M Loan
The owners refinanced Peter Sanborn Place through a MassHousing loan and intend to implement an improvement program.
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MA Senior Housing Asset Extends Affordability With $45M Refi
Non-profit B’nai B’rith Housing intends to execute a capital improvement program on 200 units at Covenant House in Brighton and ensure rental affordability for the next three decades.
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Former MA Campus Building to Become Memory Care Facility
Benchmark Senior Living is developing the adaptive reuse and extension of a former Andover Newton Theological School campus building. The new memory care facility will incorporate 50 units.
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Boston Affordable Senior Portfolio Lands $136M Refi
Symphony Plaza was constructed in 1980 and comprises two neighboring buildings. Masshousing closed the refinancing, allowing for significant on-site improvements and extending affordability for at least 30 years.
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Chicagoland, Boston Senior Living Communities to Break Ground
Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
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Nonprofit Sells Fall River Senior Community
Colliers brokered the sale of the 44-unit Bay View independent living community to SMG Inc. The asset is located on a 5.2-acre lot that is suitable for additional development.
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Benchmark Senior Living Expands Massachusetts Portfolio
With Cushman & Wakefield representing the seller, an institutional investor, the buyer, a Waltham, Mass.-based senior living company, acquired New Pond Village in suburban Boston.
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Callahan Completes Benchmark Senior Living Community near Boston
The construction of the 73,000-square-foot facility began in 2015.