Senior Housing
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.
Forum Architecture & Interior Design to Begin Construction on Florida Seniors Community
Forum Architecture & Interior Design Inc., an Altamonte Springs, Fla.-based architectural firm, has started construction on a 173-unit seniors multifamily community in Wildwood, Fla.
2013 Seniors Housing Outlook
Longtime seniors housing expert Mel Gamzon offers insights into the seniors housing market after a particularly strong 2012. This installation of insights from Gamzon examines trends showing why seniors housing is a smart investment in both the short and long term.
Joint Venture Invests in California Seniors Community
The Community Development Trust has recently partnered with Thomas Safran Associates to invest in a 200-unit seniors community in Santa Ana, Calif.