Senior Housing
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.
Meridian Arranges Financing for NY Assisted Living Property
The 200-bed New Broadview is located next to the Verrazano Bridge on Staten Island, and provides assisted living and nursing services.
Pathway to Living Acquires MI Senior Housing
Elmcroft of Kentwood in Kentwood includes 69 assisted living and 12 memory care units. The company will undertake a capital improvement program that will include upgrading interiors and adding additional spaces to support a wellness-focused lifestyle for residents.
FL Senior Community Receives $45M Financing
Trez Forman arranged the construction loan for a 309-unit maintenance-free asset in Venice, Fla., dubbed The Floridian Club.
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.
Wolff Launches WA Resort-Style Senior Housing
Revel Issaquah is located near Lake Sammamish and will feature 146 independent living units. The community is slated for completion in late 2018.
Affordable Housing Coming to St. Paul
Dominium is building Legends of Woodbury, a 216-unit senior housing development in Woodbury, Minn. The community will include a pub and card room, a theater, an arts and crafts studio and a beauty salon.
San Diego Senior Housing Lands $82M Refi
Fannie Mae has provided its first Green Rewards loan for Paradise Village, a 394-unit Class A community in National City, Calif.
Upstate NY Affordable Senior Project Breaks Ground
Durand Senior Apartments in Irondequoit is set to provide 70 units and will include on-site health-care facilities.
IN Affordable Senior Housing Lands $7M in Tax Credits
Historic Sullivan Lofts is slated to include 40 senior housing units and will provide free social services, including physical therapy, medication delivery and off-site transportation to residents 55 and older.