Senior Housing
MHN Interview: Michael Preston, Regional Director, National Church Residences
With more than 20 years of experience in social work, Michael Preston is a good judge of what kind of social support program actually makes a difference for disabled homeless and veterans. In his role as regional director of permanent supportive housing for Columbus, Ohio-based National Church Residences—the nation’s largest non-profit specializing in affordable senior housing—he’s involved in a fast-growing collaborative effort to help house those in need.
IPA Plans Another Phoenix Seniors Housing Development
Investment Property Associates and Retirement Community Specialists have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd.
TODAY’S DEALS: Miami Waterfront Development Site Trades Hands
ARA brokers a multifamily development site in Miami Beach, Fla.; Berkadia arranges $86 million for 15 seniors housing communities in North Carolina; and an Israeli insurance company acquires its first multifamily property in the United States for $48 million.
Affordable Seniors Apartments Unveiled in Citronelle, Ala.
AHEPA 310 of Citronelle, a new affordable senior housing complex in Citronelle, Ala., has been given its official opening ceremony.
Gilbane Breaks Ground on New Student Housing in Ames, Iowa
Gilbane Development has announced that it has officially entered the Ames, Iowa student housing market with the ground breaking of 23 Twenty Lincoln, a 320-bed student community that will serve the student population of Iowa State University’s campus in Ames.
UDC Set to Break Ground on DFW Seniors Housing
Construction is slated to being in June on Rochester Springs Assisted Living and Memory Care in Mansfield, a suburb in the Dallas-Fort Worth metroplex.
Miller-Valentine Group Developing Seniors Housing in Perrysburg, Ohio
Miller-Valentine Group is developing Harbor Town Landing, a four-story apartment community designed exclusively for adults 55 and over in Perrysburg, Ohio.
TODAY’S DEALS: Raleigh Apartment Community Trades for $12M
MHA brokers a 200-unit sale in Raleigh, N.C.; Berkadia arranges $50 million for a retirement community in Portland, Ore.; and Franklin Street brokers the $2 million sale of a Georgia apartment property.
Funding in Place for Monastery to Seniors Conversion in Chicago
Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.
Meta Housing Corp. Developing Seniors Housing in Compton
Meta Housing Corporation details its development of Metro @ Compton Senior Apartments, a 75-unit, sustainably-designed and transit-oriented affordable multifamily community for seniors aged 55 and older.