Senior Housing
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.
Northbridge Breaks Ground on Assisted Living Community
The Northbridge Companies, an assisted living communities developer, recently announced the groundbreaking of Stonebridge at Burlington, a 110-unit assisted living and memory care community.
Affordable Seniors Housing Property Wins $1.1M Grant for Rehab
Denton Green Housing, a 113-unit apartment property for low-income seniors in Long Island, will soon get a much-needed makeover now that the property has won a grant from New York State Homes and Community Renewal.
Affordable Seniors Developer Launches New Website Targeting Its Market
Searching online for market-rate apartments to rent is the norm these days, and ANHC believes that seniors are also picking up on this trend.
TODAY’S DEALS: ARA Brokers $85M Sale of Seniors Housing Community
ARA brokers the sale of a 350-unit seniors housing community in Naples, Fla.; Western National buys a luxury apartment community for $95.4 million; and Cohen Financial helps restucture and extend a distressed apartment CMBS loan.
TODAY’S DEALS: Home Properties Buys 937-Unit Property in Virginia
Home Properties completes the largest single property acquisition in company history; Northbridge Companies breaks ground on a 110-unit assisted living community; and NorthMarq Capital arranges mortgage carrying sub-4 percent interest for 35-year term.
Seniors Housing in Charlotte Near Completion
Work is nearly complete on the $13 million Steele Creek seniors community in Charlotte, N.C., according to developer Wood Partners.
Volunteer Organization Produces Another Affordable Seniors Housing Property in Alabama
AHEPA 310 Housing, an organization comprised of volunteers, has opened the doors of AHEPA 310-XII Apartments, marking the volunteer organization’s development of a dozen apartment communities to accommodate low-income seniors.