Senior Housing

Affordable Seniors Housing Breaks Ground in Silicon Valley

Morgan Hill, Calif.–Ground will be broken this week for Horizons at Morgan Hill, a 49-unit affordable seniors housing property in the city of Morgan Hill in Santa Clara County in northern California.

Seniors Housing Starts Plunge: NIC

Annapolis, Md.–For the year-long period ending March 31, 2010, seniors housing starts, including senior apartments, were down 32 percent nationwide from the same period a year earlier.

United Group Wins $20M Financing for Seniors Properties

Albany, N.Y.–The United Group of Cos. has obtained senior loan financing totaling $20.2 million for two independent living seniors housing properties, the Lodge at Bridgemill in Canton, Ga., and Colonial Square, in Utica, N.Y.

Work Gets Underway on Wellness-Centric St. Clair Apartments for Seniors in Tennessee

Maryville, Tenn.–St. Clair Apartments at Asbury Place Merryville, a continuing care retirement community (CCRC) in Maryville, Tenn., moves closer to becoming a reality as Asbury Inc. commences construction of the independent living apartment building.

Toledo Seniors Housing Set to Expand

Toledo–The Lakewoods seniors housing complex in Toledo has obtained the necessary capital to expand, according the Huntington Bank, which is supplying part of the funds.

Assisted Living Facility Under Way in Suburban Houston

Missouri City, Texas–KEP Hampton ALF L.L.C. has broken ground on Hampton Pointe Manor, a mixed-use senior development in the Houston suburb of Missouri City.