Senior Housing
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
NorSouth Development to Develop $16.25M Seniors Community
NorSouth Development announced it is starting construction on a $16.25 million seniors community called HearthSide Sugarloaf in Gwinnett County, Ga., the fifth HearthSide community in the metro Atlanta area since 2010.
West Virginia Seniors Housing to be Rehabilitated
Two West Virginia seniors housing properties have obtained redevelopment financing from Boston Capital. The residential complexes, which total 55 units, will be rehabilitated with an unspecified amount of tax credit equity through the Low Income Housing Tax Credit program.
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.