Senior Housing
Pennrose Properties and dmhFund Team for First Philadelphia LGBT-Friendly Seniors Community
Pennrose Properties and The Dr. Magnus Hirschfeld Fund have begun construction on William Way, the first urban LGBT-friendly affordable senior housing development, in Philadelphia’s “Gayborhood” section.
Tricorp Hearn Celebrates Completion and Grand Opening of Foothill Farms Senior Apartments
Tricorp Hearn Construction recently celebrated the completion of Foothill Farms Senior Apartments, a $26 million, 138-unit affordable housing facility.
NorSouth Constructs’ Project of the Year is Green Community for Seniors
NorSouth Constructs has announced the opening of Oliver House, the second phase of a $30 million redevelopment of Allen Wilson Terrace Public Housing by the Decatur Housing Authority.
Pennrose Senior Development Awarded LEED Silver Certification
Pennrose, a Philadelphia-based real estate development company, achieved LEED Silver certification by the U.S. Green Building Council for its Neston Heights Senior property, located at 210 Jones Houston Way in Easton, Pa.
SRP Medical and Frontier Management Announce New Assisted-Living Facility
SRP Medical and Frontier Management have unveiled plans for a new seniors housing property in the southwest part of Fort Worth, Texas. The facility will include 105 residences with assisted living and memory-care services.
TODAY’S DEALS: HCP to Buy 133 Senior Communities for $1.73B
HCP to buy $1.73 billion in seniors housing; PRG buys a 216-unit asset in Durham; and Boston Capital invests in two affordable seniors rehabilitation projects.
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.