Senior Housing
Affordable Senior Community Opens in Richmond, IL
The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.
LA Senior Communities Receive $19M Mortgage Financing
The funding, obtained through the company’s bond purchase program, will be used for the acquisition, rehabilitation and permanent financing of three affordable developments.
Senior Living Merges Tech with 5 Senses
Communities for older residents are finding creative ways to incorporate technology. Dean Maddalena, president of Texas-based studioSIX5, explains the benefits of providing these properties with the latest devices.
The Senior Housing Boom’s Ripple Effect
Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth.
Enterprise Homes Triples Footprint with Mid-Atlantic Buy
Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.
Granite Investment Buys OR Memory Care Portfolio
Avalon Health Care Group will manage the two facilities, which mark Granite’s first Oregon deal.
Berkadia Taps Senior Housing Lead
With nearly two decades of industry, Tim Cobb joins the firm’s D.C. office as managing director & senior housing and health care investment sales lead.
Watercrest Breaks Ground on FL Senior Community
In partnership with Providence One Partners, Watercrest Senior Living Group started work on Sage Park Assisted Living and Memory Care near Orlando. The project will feature 128 luxury units and several wellness programs.
Tradition Senior Living Enters Houston
The company broke ground on a 316-unit community slated for completion in late 2018. The two-building property will offer a continuum of care, including independent living, assisted living and memory care.