Senior Housing
Greystone Closes First Freddie Mac Revolving Credit Facility in Seniors Sector
Greystone closes the first Freddie Mac Revolving Credit Facility for the seniors housing sector on behalf of Oakmont Senior Living.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.
Newcastle Acquires $1B Seniors Housing Portfolio From Holiday
Newcastle Investment Corp. completes a $1 billion acquisition of 51 independent living seniors housing properties from an affiliate of Holiday Acquisition Holdings.
Capital Senior Living Acquires Four Properties
Capital Senior Living Corp. has acquired four seniors housing communities in Indiana and South Carolina for a combined purchase price of nearly $65 million.
Affirmed Housing Group to Move Forward with Vermont Villas in Los Angeles
Affirmed Housing Group’s Los Angeles project, Vermont Villas, a 79-unit permanent homeless housing for low-income veterans and special needs seniors, has received 9 percent tax credit funds, which will allow the project to begin construction in April 2014.
Development: Baby Boomers
Through technology and independence, this demographic will reshape senior living for years to come.
Greenbuild Property Tour Slideshow: Four Sustainable Communities in Philadelphia
While it is great to report on all the innovative apartment communities being built across the country during this development cycle, there is nothing like getting to tour some properties first hand. MHN recently had the opportunity to tour four niche multi-housing communities in Philadelphia at the forefront of the green movement.
Pennrose Developing Seniors Apartments in Connecticut
Pennrose is developing The Jefferson, an affordable seniors apartment community located in New Britain, Conn., that is being built in conjunction with the New Britain Housing Authority.
Magnusson Transforms Parking Lots into Affordable Housing
Magnusson Architecture and Planning (MAP) commenced on the construction of Soundview Family Housing last week in the Soundview neighborhood of Bronx, N.Y.
Multiple Partners Unveil HANAC-PCA Senior Residence in Queens
Multiple federal and state government agencies, along with members of non-profit organizations, politicians and residents celebrated the grand opening of HANAC-PCA Senior Residences Friday in the Astoria section of Queens, N.Y.