Senior Housing
JV Closes Refi of Affordable NJ Property
The Diocesan Housing Services Corp., MDG Design + Construction and Hudson Valley Property Group will help maintain the affordability of 205 units in Cape May for the next two decades.
$8M Senior Housing Opens in KY
Dominion Senior Living is opening Dominion Senior Living of Richmond, a new senior living personal care and memory care community in Richmond, Ky., where nurses and caregivers are available 24 hours a day.
SHAG Opens Newest WA Senior Housing
Lynnwood City Center Senior Living features 308 one- and two-bedroom floorplans ranging from 515 to 787 square feet. A selection of apartments is reserved for individuals and households with fixed incomes.
New Management for Madison Crossing at Birch Hill
The active adult community is located just one hour away from New York City and offers several leisure amenities, including a fitness center and game rooms.
Greystone Arranges $110M for Senior Portfolio Sale
New Senior Investment Group sold 1,140-units comprising nine communities in the Florida Peninsula. Meridian Senior Living will manage the properties.
Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
Palace Group Unveils FL Luxury Senior Housing
The Palace at Weston Senior Living will feature 300 studios and one- and two-bedroom independent living, assisted-living and memory-care apartments. The project is scheduled to break ground in 2018 and be completed in 2019.
NY Nursing Facility Lands $25M Refi
Greystone provided the HUD-insured loan for Adira at Riverside Rehabilitation & Nursing in Yonkers, N.Y. The financing carries a 30-year term at a low, fixed rate.
Marcus & Millichap Sells $23M Senior Community in Sandy, UT
Located between Salt Lake City and Provo, Rosegate Sandy broke ground in 2013. The 159-unit asset is located in a submarket that has seen more than seven percent population growth since 2010.
Sienna Lines Up Ontario Retirement Portfolio Deal
The company purchased two luxury retirement properties comprising comprising 380-plus units and more than 380,000 square feet for $160 million.