Senior Housing
Watercrest JV Unveils FL Luxury Senior Project
The 128-unit community in Naples will break ground in November and is slated for completion in early 2019. This marks United Properties’ first senior housing project in the state.
New Luxury Senior Living Community Coming to Dallas
Construction is underway at Firewheel Senior Living Residences, a new 154-unit community in Garland, Texas. Seneca Investments plans to open the property by the end of 2018.
MedEquities Buys IN Skilled Nursing Facilities
Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
JV Brings 156 Senior Units to Charleston
Alex Brown Realty, Wakefield Capital and Affinity Living Group are developing a 120,000-square-foot community slated for completion in June 2018.
Art Therapy Products Made for Memory Care Communities
Interior design firm studioSIX5 developed two new products to engage with the senses of residents in memory care communities: an LED memory box and an integrated music therapy chair.
RD Management, Big Rock Partners Plan Senior Housing
Villages of Windsor in South Florida is scheduled to open in October, while Windsor at Celebration in the Orlando area has a March opening date.
MedEquities Buys CT Skilled Nursing Facility from Prospect Medical
Prospect ECHN Eldercare Services Inc. leased the 65,000-square-foot property in Tolland, Conn., which changed hands for an aggregate cash price of $10 million.
Strawberry Fields Refinances TN Skilled Nursing Facilities
The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.
NKF Snags Senior Housing Experts
Rob Black and Sean McNee have joined as senior managing directors in the firm’s San Diego office. The two veterans come from Cushman & Wakefield, bringing 21 years and 17 years, respectively, of industry experience.
Senior Affordable Community Comes Online in Huntsville
Stratus Development LLC developed the 60-unit property, which is restricted to residents who are 55 or older and earning 60 percent of the area median income or less.