Senior Housing
Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
TODAY’S DEALS: Senior Housing Properties Trust to Buy 20 Communities for $304M
Senior Housing Properties Trust to acquire 20 communities for $304 million; Harbor Group affiliates to buy 20 property mulifamily portfolio for $165.9 million; and Transwestern Realty funds mezz loan for new construction.
Seniors Property to Blend Historic L.A. Architecture with Modern Seniors’ Needs
Los Angeles–Parkview Living, a 75-unit affordable seniors apartment, allows the tenants to live with the amenities that modern-day seniors desire.
TODAY’S DEALS: Foursquare Foundation Breaks Ground on $10M Senior Living Community
The Foursquare Foundation breaks ground on a $10 million senior living community; IPA brokers the sale of a 343-unit multifamily property; and Hendricks & Partners brokers an apartment sale.
Unfinished Part of Sterling Pointe Development in N.J. Trades Hands
Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property in Somerset County to K. Hovnanian Homes, which will build out the final phase of construction.
TODAY’S DEALS: Construction Begins on Inland’s Orlando Student Housing Project
Construction begins on Inland’s Fla. student housing; Marcus & Millichap’s Mark Myers brokers $87 million in seniors housing investment sales; and Cushman & Wakefield sells a Florida condo community for $5.2 million.
TODAY’S DEALS: Security Properties Acquires 276-Unit Property in Colorado
Security Properties acquires a 276-unit Denver-area multifamily complex; NAI represents buyer and seller in $16M sale; and Marcus & Millichap brokers the sale of a 126-unit assisted-living property.
TODAY’S DEALS: JV Development Group Breaks Ground on Dallas Mixed-Use Project
A JV has started contruction on a new mixed-use development in Dallas; NAI brokers the aquisition of 119-unit property to be converted to affordable housing for seniors; and NorthMarq Capital arranges a $27.5 million mortgage for a 444-unit apartment complex in Virginia.
San Bernardino Apartments to Be Reborn as Affordable Seniors Housing
San Bernardino, Calif.–Meta Housing Corp. has closed escrow on the 119-unit Sunset Cove Apartments, with plans to relocate the current tenants, rehab the property and convert it to affordable housing for seniors.
Hardin Construction Hard at Work on Another Green Affordable Seniors Housing Project
Smyrna, Ga.–Work is underway on the 88-unit affordable seniors housing project, Hardin Galleria Manor of Smyrna, which is being designed for LEED Silver certification.