Senior Housing
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.
TODAY’S DEALS: HFF Secures Acquisition Financing for Washington Asset
Cumberland Holdings lands acquisition financing; a 160-bed skilled nursing facility trades for $8.2 million in Georgia; and NAI Hunneman’s investment sale group brokers a $1.7 million sale in Taunton, Mass.
Beech Street Capital Recruits Seasoned Veterans to Continue Building Seniors Housing Practice
Beech Street Capital LLC, a full-service national lender to the multifamily, seniors housing, and health care industries, announced today that it has hired James Sherman as executive vice president – seniors housing to continue building the company’s seniors housing practice.