Senior Housing
TODAY'S DEALS: LYND Acquires 11 Distressed Communities in Auction
LYND picks up 11 distressed communities at an auction; The Carlyle Group buys an independent living asset in Jacksonville, Fla.; and Walker & Dunlop provides a 35-year Section 223(a)(7) refinance loan at low interest.
TODAY'S DEALS: CBRE N.E. Sells 550-unit Massachusetts Asset
CBRE N.E. Partners sells a 550-unit TOD community; HFF secures $27 million for a Texas asset; and Johnson Capital arranges $20.1 million in 35-year amortization loans for two assisted-living complexes.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
TODAY'S DEALS: NorthMarq Arranges $24.1M for Tampa Asset
NorthMarq Capital arranges a $24.1 million loan; Prudential Mortgage Capital closes $70 million for five senior living residences; and YAM Management buys an Indiana skilled nursing facility for $12.9 million.
TODAY'S DEALS: EdR Completes Mezz Loan, Enters Option to Purchase Penn State Asset
EdR invests in a Penn State development; HFF provides financing for three Texas assets; and Boston Capital invests in two affordable developments.
Ground Broken on Texas Luxury Community for Seniors
SRP Medical announced it has broken ground on Magnolia Heights, a luxury community for seniors in Spring, Texas. It will be the first new senior living community that provides assisted living and memory care residences in the area in over 10 years.
TODAY'S DEALS: Lender-Owned Multifamily Site Sells for $5.1M
An entitled development site sells in L.A.; Beech Street arranges $7.7 million to refinance a pair of Chicago nursing facilities; and Centerline supplies a $2 million, 80 percent refinancing loan to an affordable property.
New Affordable Housing Community for Seniors Opens in D.C.
Banc of America Community Development Corp. and Victory Housing Inc. recently celebrated the opening of Victory Square, an affordable housing development for seniors in Washington, D.C.
D.C. Affordable Seniors Housing Completes Renovation
The redevelopment of the Paul Laurence Dunbar Apartments has been completed. The 171-unit seniors housing property, formerly called the Campbell Heights Apartments, is a 40-year-old building on 15th Street NW in the District of Columbia.
CNL Healthcare Trust Expands Senior Housing Portfolio with $226M Acquisition
CNL Healthcare Trust, Inc., a real estate investment offering focused on senior housing and healthcare real estate, purchased seven senior housing communities valued at nearly $226 million through a joint venture agreement with Sunrise Senior Living, Inc.