Senior Housing
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.
TODAY’S DEALS: Clarion Partners Grabs $100M Seniors Portfolio
Clarion Partners acquires three senior housing communities for $100 million; ARA completes an REO sale in Florida; and Alliant Capital arranges a $1.7 million refinance at 4.78 percent interest rate.
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
B’nai B’rith Housing Wins 2011 MetLife Foundation Award for Excellence in Affordable Housing
B’nai B’rith Housing New England received a MetLife Foundation Award for Excellence in Affordable Housing for its work with the Covenant House in Brighton, Mass.
Meet the Winners of the 2011 Excellence Awards
The MHN Excellence Awards recognize outstanding people, companies and properties throughout the industry and the contributions they have made to the multi-housing sector in recent years.
Michaels, LINC Housing Kick Off $23M Affordable Seniors Housing Project in Oakland
The Michaels Development Company and LINC Housing Corporation will soon add 119 rental residents to West Oakland’s affordable housing pool.
TODAY’S DEALS: Colliers Negotiates Sale of 224-Unit Community in Phoenix
Colliers negotiates the sale of a Phoenix community for $8.3 million; Capital Senior Living completes two mortgage financings totaling $23.8 million; and Marcus & Millichap brokers the sale of a 214-unit community in Connecticut.
A Possible Solution to the UK’s Housing Crisis for the Elderly
The United States isn’t the only nation feeling the burden of a housing crisis. The UK is also dealing with this, especially in terms of providing housing for the elderly.