Senior Housing
TODAY'S DEALS: Seniors Portfolio Hits Texas Market
Marcus & Millichap is awarded the listing rights for a Texas seniors housing portfolio; ARA brokers the sale of a prime land parcel in Denver’s Technological Corridor; and Walker & Dunlop provides a $31.9M Fannie Mae loan.
830-Acre Purchase Paves Way for $2.5B Smart Growth Community
LNR Property LLC, developer of the SouthField master-planned community outside of Boston in Southfield, Mass., has just wrapped up the acquisition of the final 830 acres required to bring the 1,400-acre, $2.5 billion project to fruition.
MHN TV: 2012 Seniors Housing Preview
Longtime seniors housing real estate expert Mel Gamzon offers insights into the seniors housing market. 2011 was a big year for seniors housing and healthcare REITs, and Mel explores what strategies companies are likely to develop in 2012.
Today's Deals: Post Properties Completes $184.7M Prepayment on MF Notes
Post Properties completes a prepayment on notes secured by six properties; and Senior Housing Properties announces a termination of 10 leases with Sunrise Senior Living.
Wartburg Puts Financing in Place for Affordable Seniors Housing
Wartburg Adult Care Community has completed the financing for Friedrichs Residence, a four-story building with 61 affordable senior apartments on a 34-acre site in Mt. Vernon, N.Y.
South Bend to Welcome New Senior Housing Development
Ground was recently broken on a new affordable housing community in the northern Indiana city of South Bend.
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.