Senior Housing
Avanath Doubles Sacramento Footprint
In a $56.5 million deal, the company has acquired an affordable housing portfolio totaling 468 units in one of the nation’s hottest markets. The properties cater to seniors, families and mixed-income renters.
South FL Community Trades in $27M Deal
Cushman & Wakefield’s team worked on behalf of the seller, a joint venture between Eastwind Development and Index Apartments, in the 1031 exchange of the asset.
Greystone Provides $60M HUD Loan for NY Skilled Nursing Facility
The firm also secured a bridge-to-HUD loan to finance Kennedy Management’s acquisition, rebranding and renovation of the 302-bed asset in 2015.
MCA Secures Houston Memory Care Construction Loan
MCA has secured a $7.1 million loan for the project, which will feature 90 beds and a community center. Guidon Building Solutions will develop the facility in two phases.
CareTrust REIT Buys Skilled Nursing Facilities in NM, TX
The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.
PGIM, Kisco Acquire Bay-Area Senior Living Community
Featuring 187 independent and assisted living residences, Byron Park stands on a 7.3-acre site in Walnut Creek, 20 miles east of San Francisco.
$82M Senior Community to Open Near Disney World
Big Rock Partners is developing Windsor at Celebration, which will offer a variety of living options in a section of Central Florida that’s undersupplied by senior housing.
Griffin-American Healthcare REIT Nabs Senior Housing Portfolio
American Healthcare Investors and Griffin Capital Co. LLC’s REIT acquired a five-building portfolio of independent and assisted living properties. The portfolio is 100 percent leased.
New South Completes GA Senior Communities
The Glen at Lake Oconee in Greensboro is a 118-unit community in a luxury resort, and Thrive at Frederica in St. Simons is a 92-bed facility offering 54,000 square feet of new construction.
Convertible Beds Offer Comfort, Care to Seniors
Not many designers consider the needs of visiting family, friends, or round-the-clock caregivers. Flexsteel’s sleeper chairs and sofas offer a comfortable place for guests at senior properties.