Senior Housing
Affordable Seniors Housing Benefits from Unique Financing Transaction
A unique financing agreement recently allowed for the redevelopment of an affordable seniors housing community in San Francisco.
Senior Housing Developer Returns Funds to City
In an unusual event in multifamily development, AMCAL Multi-Housing Inc. recently returned about $519,450 to the city of Rancho Palos Verdes, Calif., after the completion of its Mirandela Senior Housing project.
Georgia City Sees its First Affordable Seniors Community
The city of Johns Creek, Ga., will soon have its first affordable seniors living community. NorSouth Development Company has broken ground on HearthSide Johns Creek.
Prime Location Keys Success of Georgia Senior Apartments
HearthSide Towne Lake, a new senior living community north of Atlanta, is generating strong interest from active, independent older adults.
TODAY’S DEALS: Marcus & Millichap Sells 2,253-Units
Marcus & Millichap brokers the sale of a nine-property portfolio; Health Care REIT completes a $632.5M public offering; and Dome Equities acquires a 220-unit property.
Nonprofits Team to Keep Connecticut Seniors Housing Property Affordable
Preservation of Affordable Housing and Mercy Loan Fund have partnered to keep Torringford West Apartments an affordable property.
Affordable Seniors Redevelopment Near Completion in SW Chicago Suburbs
The full renovation of the Thornwood House Apartments in southwest suburban University Park is nearing completion. The affordable rental apartment building includes units designed for seniors 62 years or older and persons with disabilities.
PROFILE: Harrison Street Real Estate Capital LLC
What sectors of the multifamily industry enjoy the most consumer demand and are the most resilient? Answer that question and you have named the strategy of Harrison Street Real Estate Capital LLC: Harrison Street believes that those two sectors are precisely student and seniors housing.
TODAY’S DEALS: Harrison Street Completes $125M Acquisition of Senior Housing Portfolio
Harrison Street completes a $125 million acquisition; HFF arranges $23.5 million for a community in Florida; and Red Capital provides $20 million for a high rise in Philadelphia.
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.