Senior Housing
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.
TODAY’S DEALS: Senior Housing Properties Trust Agrees to $478M Purchase
Senior Housing Properties Trust announces a $478 million purchase; Boston Capital invests in an affordable development in Virginia; and Essex Realty Group brokers the sale of a walk-up building for $1.1 million.
Building the ‘Bell’ Brand: Why Bell Partners Left the Senior Living Markets
Lessons learned during the downturn, the decision to exit the commercial real estate and senior living markets, retaining top operations talent, and the importance of branding are among the topics explored by Bell Partners.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
KTGY Group is designing a green senior living community just outside of Portland, adding 132 units of affordable housing for active seniors.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
Portland, Ore.–KTGY Group is designing a green senior living community just outside of downtown Portland. The $29 million apartment community will add 132 units to the city’s pool of affordable housing for active adults of 62 years and over.
TODAY’S DEALS: NorthMarq Arranges $17.9M Mortgage for Texas Community
NorthMarq arranges a $17.9 million mortgage for a Texas community; Triad Senior Living acquires a retirement community in Oklahoma; and Centerline commits $9.1M for former public housing project.
New Jersey Affordable Seniors Project Gets Green Light
Lawrenceville, N.J.–The Planning Board of the Township of Florence, N.J., has approved plans for a 66-unit affordable seniors housing development in the township. The property will replace the dilapidated Marcella Duffy School building.
NAHB Finds Seniors Housing Developers More Keen on Apartments than Condos
Washington, D.C.–The National Association of Home Builders (NAHB) has released its 55+ Housing Market Indices for the second quarter, and the verdict is in: builders of seniors housing feel far more warm and fuzzy about development and demand in the multifamily rental market than sales in the multifamily condominium market.
TODAY’S DEALS: NorthMarq Arranges $25M Mortgage for Missouri Community
NorthMarq arranges $25 million for a 412-unit community in Missouri; Oak Grove Capital closes a $437.8 million credit facility for Brookdale Senior Living; and the Largo Group of Companies arranges a $4.2 million mortgage for lofts in Buffalo, N.Y.