Senior Housing
Wallick Secures $49M for Ohio Properties
Merchants Capital arranged the bridge financing for three assisted living properties totaling 363 units in Columbus and Cincinnati, as demand for affordable senior housing grows more acute.
South Texas Senior Living Campus Changes Hands
The 228-unit continuing care retirement community commanded $20.4 million. Cushman & Wakefield negotiated the deal on behalf of the seller, Senior Quality Lifestyles Corp.
Silverstone Breaks Ground on $75M NoVa Senior Community
The company will bring 124 assisted living and 30 memory care units to Metro West, a mixed-use, transit-oriented development in Fairfax County.
In Case You Missed It: MHN’s Top 5 Posts in April
Miss any of our articles? Catch up with five of our most popular posts for the month.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Vermilion Opens 119-Unit Assisted Living Property in Fort Wayne
The developer’s eighth community under the Silver Birch brand spans 97,000 square feet in Fort Wayne, Ind. HED designed the Z-shaped facility, which has a project cost of $23 million.
Senior Housing Affordability Crisis Looms
A new report by the National Investment Center for Seniors Housing & Care finds that 54 percent of middle-income elderly won’t be able to pay for assisted living and out-of-pocket medical costs by 2029.
Welltower Acquires San Antonio Senior Living Portfolio
The two luxury properties, totaling 335 units and offering independent living, assisted living and memory care services, have been rebranded together as Discovery Village at Dominion.
Senior Living Cost Growth Lags Healthcare
The median monthly price of independent living facilities inched up 2.6 percent from 2017 to 2018, while assisted living rose by 2.4 percent, according to data from A Place for Mom.
CO Senior Housing Properties Receive $52M Refi
Walker & Dunlop secured the financing through Fannie Mae on behalf of the owner, a partnership between MorningStar Senior Living and a Middle East-based alternative investment fund manager.