Senior Housing
Tryko Acquires HUD-Subsidized Seniors Housing
Tryko Partners has acquired a property that provides HUD-subsidized apartment living for independent older adults.
Tryko Partners Acquires HUD-Subsidized Seniors Housing
The multifamily portfolio of Tryko Partners has grown again, with the acquisition of Levittown, Pa.’s Galilee Village, a 170-unit property that provides HUD-subsidized apartment living for independent older adults.
Two Georgia Seniors Communities Earn Green Certification
NorSouth Development, an Atlanta-based real estate company that focuses on environmentally sound seniors communities, has recently received EarthCraft Multifamily certification for two of its affordable communities.
Haunted L.A. Hospital to Get New Life as Affordable Housing
In a deal that might be called spook-tacular, a nearly 90-year-old one-time hospital, which some believe is haunted, will be converted into an affordable rental community for seniors.
TODAY'S DEALS: Praedium, McDowell Buy California Asset
The Praedium Group and McDowell Properties purchase a 200-unit community; HFF refinances a seniors housing community in California; and Madison Realty Capital completes a $21.5 million note and deed purchase for a Brooklyn property.
Affordable Seniors Housing Opens in Riverside
The 224-unit Vintage at Snowberry Apartment Homes, an affordable seniors housing project in Riverside, has opened fully leased.
MHN Interview: Former HUD Secretary Henry Cisneros on Seniors Housing
Henry Cisneros, former U.S. Department of Housing and Urban Development (HUD) secretary and one of the authors of Independent for Life: Homes and Neighborhoods for an Aging America, talks to MHN about the major issues regarding seniors housing.
TODAY'S DEALS: Health Care REIT, Chartwell Complete $936.5M Purchase in Canada
Heath Care REIT and Chartwell Seniors Housing acquire 42 assets in Canada; Beech Street provides $16.3 million for a 296-unit asset in Florida; and Walker & Dunlop supplies a $15.9 million Freddie Mac CME loan to HAP property.
St. Louis-Area Senior Housing Gains Capital Infusion
Two low-income senior housing developments in the St. Louis suburb of Shrewsbury, Mo., will gain a much-needed capital infusion of $6.6 million from the AFL-CIO Housing Investment Trust.
Seniors Housing Sees Occupancy Uptick
Seniors housing occupancy saw an uptick in the first quarter of 2012, according to the most recent report on the industry by NIC MAP.