Senior Housing
TODAY’S DEALS: Greystone Closes $43.8M for San Jose Asset
Greystone provides financing for a 434-unit community in San Jose; Enterprise Homes closes loans totaling nearly $30 million for two new affordable senior assets in Baltimore County; and Hudson Realty Capital funds a $5.5 million construction loan for a school conversion.
MHN Interview: Getting an Insider’s Perspective on Seniors Housing
In order to learn more about the useful design elements in seniors housing, the architects at D2 Architecture in Dallas have started the Sleepover Project, which allows them to spend a day at the facilities as a “resident” to learn more about the community.
Three Affordable Housing Properties to Benefit from $1.4M in Disaster Recovery Funds
The Broward County Housing Authority was awarded a $1.4 million grant by the Broward County Housing Finance and Community Development Division, which will be used to strengthen three of its multifamily rental communities to better withstand storms.
TODAY’S DEALS: Bascom Acquires Phoenix-Area Asset for $35.2M
Bascom acquires a 352-unit asset in Chandler, Ariz.; Senior Living Investment Brokerage facilitates two Oregon sales; and Lee & Associates closes an eight-unit, $1.4 million sale in Glendale, Calif.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
TODAY’S DEALS: Pollack Shores Acquires 252-Unit Asset in Florida
ARA brokers a 252-unit sale in Florida; Centerline provides a $3.6 million refinance for an age- and income-restricted property in Minnesota; and Ideal Realty Group brokers the sale of two apartment towers by Virginia’s transportation department.
Meta Housing Completes $43M Multifamily Redevelopment in LA’s Chinatown
Meta Housing Corp. has completed the redevelopment of The Metro at Chinatown Senior Lofts, formerly vacant, which is now a transit-oriented, affordable senior housing property in Los Angeles’ Chinatown.
Mainstreet Property Group Announces Acquisitions for Affiliated REIT
Mainstreet Property Group announced on March 25 that the board of directors of its affiliated REIT, HealthLease Properties Real Estate Investment Trust, has approved acquisition of 13 senior housing and care properties.
Holiday Retirement Names Edward F. Lange, Jr. Chief Executive Officer
Holiday Retirement announced today that Edward F. Lange, Jr. has been named the company’s chief executive officer, succeeding Jack Callison, Jr Lange assumes his new role effective immediately.
California Multifamily Developer Plans Project in Texas
AMCAL Multi-Housing has unveiled plans for AT Villages at Cypress, a 162-unit, mixed-income seniors housing property.