Senior Housing
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.
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.