Senior Housing
KTGY Designs Award-Winning $10M Seniors Community
Heritage Oaks Senior Apartments, a seniors community in Oakdale, Calif., has recently opened. The $10 million community is environmentally friendly and has earned LEED Platinum certification.
TODAY’S DEALS: MUSA Provides $39.6M FHA 221(d)(4) Construction/Permanent Loan
MUSA Financial provides the largest FHA 221(d)(4) loan through the Fort-Worth, Dallas HUD hub; Bascom Arizona Ventures completes a $13.6 million buy; and Centerline Capital provides a $4 million refinance loan for a seniors asset in Wisconsin.
Curtain Rises on NoHo Senior Arts Colony in North Hollywood
The newly developed, $32 million NoHo Senior Arts Colony opens this month, the first in the multifamily housing industry’s history to incorporate a professional theater within a seniors rental housing property.
Baptist Gardens Opens in Atlanta
Residents have started moving to Baptist Gardens, an affordable seniors housing property in Atlanta.
MSHDA to Build New Senior Development in Michigan Suburb
Michigan State Housing Development Authority will open The Lake Pointe Apartments, a planned $4.2 million affordable housing development for seniors in downtown Hart, Mich.
Continuing-Care Housing Under Way on Vancouver Island
Work is under way on the Heights at Mount View, a continuing-care housing and memory support property in Saanich, British Columbia, which is part of greater Victoria.
New Seniors Housing Slated for South Orange County
Construction will begin soon on Crestavilla, a new seniors housing property in Laguna Niguel in southern Orange County. Located on 11.5 acres, the property will offer independent and assisted living, as well as memory care.
NorSouth’s $15.3M Seniors Community 100 Percent Occupied
HearthSide Towne Lake, a $15.3 million, 100-unit affordable seniors community in Woodstock, Ga., is 100 percent occupied less than a year after opening. The community was developed by Atlanta-based NorSouth Development and built by NorSouth Constructs.
Downtown Cleveland Property Wins Preservation Prize
Saint Luke’s Manor in Cleveland recently won the National Trust/HUD Secretary’s Award for Excellence in Historic Preservation.
Clifford Beers Housing and PATH Ventures Announce New North Hollywood Seniors Community
The 49-unit NoHo Senior Villas in the NoHo Arts District of North Hollywood has opened for residents. The property accommodates low-income seniors, including 30 who were previously homeless and living with mental illness.