Senior Housing
WinnDevelopment Completes $19M Redevelopment for Seniors Housing Community
WinnDevelopment has announced the opening of Fitchburg Place, an affordable seniors housing community in Fitchburg, Mass. The company recently completed a $19 million redevelopment on the community.
Sunrise Senior Living Communities Earn EPA’s ENERGY STAR Certification
The U.S. Environmental Protection Agency has awarded 30 Sunrise Senior Living communities with its ENERGY STAR certification, which signifies that these buildings perform in the top 25 percent of similar buildings nationwide for energy efficiency and meet strict performance levels set by the EPA.
$21M Seniors Housing Community Breaks Ground in Fla.
Ground has been broking on HarborChase of Villages Crossing, a senior housing and assisted living community in Lady Lakes, Fla. The community has a $21.6 million construction budget and is expected to open in late 2013.
NorCal Seniors Housing Property Sells
Oakmont Gardens, a 163-unit independent living and assisted living property in Santa Rosa, north of San Francisco Bay, has traded hands for an undisclosed price.
Boston Capital Invests in 70-unit Affordable Multifamily Development
Boston Capital is investing in the construction of Cheriton Heights Apartments, a 70-unit multifamily development for seniors in Boston’s West Roxbury neighborhood.
KKR and Partners Buy Sunrise Management Business
In the wake of HealthCare REIT’s announced acquisition of Sunrise Senior Living Inc., a partnership led by Kohlberg Kravis Roberts & Co. LP is buying Sunrise’s management company business for about $130 million.
South Mississippi Housing and Development Corp. and The Michaels Organization Break Ground on Affordable Community
South Mississippi Housing and Development Corp. and The Michaels Organization have broken ground on McIntosh Homes, an independent-living affordable housing community for seniors in Gulfport, Miss.
Work Begins on Affordable Seniors Housing Near Nashville
The Franklin Housing Authority and the Michaels Organization have broken ground on the Senior Residences at Reddick Street in the Nashville suburb of Franklin.
Marcus & Millichap Facilitates Sale of Two Texas-Based Living Facilities
Marcus & Millichap Real Estate Investment Services arranged the sale of two independent living facilities in Texas to Washington, D.C.-based Capitol Seniors Housing on behalf of the seller, Franklin Development Co.
CNL Healthcare Makes Acquisitions in Florida and Iowa
CNL Healthcare Trust Inc., a seniors housing and healthcare real estate specialist, is investing $21.6 million in an assisted living and memory care development project in Florida, and acquiring three senior housing properties in Iowa for about $18.8 million.