Senior Housing
Affirmed Housing Group Announces Grand Opening of San Diego Seniors Community
Affirmed Housing Group, a San Diego-based affordable housing developer, announced the grand opening of Solterra, an affordable community for seniors in El Cajon, Calif.
AMCAL Announces Grand Opening of L.A. Seniors Apartments
A grand opening heralding completion of the first phase of the Linda Vista Senior Apartments will be held in Los Angeles. The announcement was made jointly by AMCAL Multi-Housing, the community’s developer, and the East L.A. Community Corporation (ELACC).
TODAY’S DEALS: U.S. Bank Closes $55.1M for Affordable Seniors Developments
U.S. Bank paves the way for two Retirement Housing Foundation projects in L.A.; Beech Street closes $8.5 million for a Tampa refinance; and Alliant Capital provides a $975,000 loan.
Maplewood Readies Connecticut Site for Seniors Development
Maplewood Senior Living has closed on a six-acre development site in Bethel, Conn., for an assisted living and memory care facility.
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
Enterprise Developing Affordable Seniors Housing in Baltimore
Enterprise Homes Inc., a Columbia, Md.-based developer, is developing two affordable seniors housing projects in the Baltimore area.
TODAY’S DEALS: NGKF Sells Two Massachusetts Properties
NGKF sells two assets for a combined $32.5 million; Northmarq arranges acquisition financing of $34.7 million; and Grandbridge Real Estate Capital closes three seniors housing transactions totaling $23.5 million.
Economy Watch: Senior Home Builders More Optimistic
The National Association of Homebuilders said that its 55+ Single-Family Housing Market Index increased 19 points year-over-year to 46 in the first quarter of 2013.
TODAY’S DEALS: Health Care REIT Announces Big Investment Partnership
Health Care REIT will invest approximately $1 billion into a Canadian portfolio partnership; Morgan Properties and DRA acquire a 620-unit asset; and Marcus & Millichap arranges the sale of a distressed community in Tampa.
RUPCO Develops Affordable Housing Community in Woodstock
Rural Ulster Preservation Company has developed Woodstock Commons, a 12-building, 53-unit affordable housing community for families and seniors in Woodstock, N.Y., marking it the first new affordable housing in the area in more than 30 years.