Senior Housing
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.
Study Finds Boomers Unhappy with Traditional Retirement Communities
A recent study reveals that “traditional” retirement communities might become a thing of the past for boomers, unless some important changes are made.
LGBT Affordable Seniors Housing is First for Philadelphia
In a landmark decision for Philadelphia, the Pennsylvania Housing Finance Agency voted to provide a reservation of Low Income Housing Tax Credits, which will generate up to $11 million for the first LGBT-friendly affordable senior housing facility in the state.
Ground Breaks for Affordable Housing Property in Columbus
Ground has been broken for Franklin Station, a 100-unit affordable apartment property in Columbus that will serve elderly and special-needs homeless people.
MHN TV: Senior Housing Industry Trends
Sharon Yester, chief asset management officer, CNL Financial Group, discusses senior housing trends and explains why now is a good time to invest in multifamily.