Senior Housing
Strawberry Fields Expands Portfolio with $14M Buy
The South Bend, Ind.-based REIT acquired three skilled nursing facilities located in the state of Arkansas, upping its nationwide holdings to more than 70 properties.
St. Louis-Area Assisted Living Communities Change Hands
Cedarhurst Living partnered with Triloma Seniors Housing on the acquisition of two properties totaling 135 units in Madison County. Cedarhurst will manage the communities.
Affordable Senior Housing Breaks Ground in Illinois
The 60-unit Residences of Crystal Lake is slated for completion by March 2020.
Puerto Rico Mixed-Income Community Breaks Ground
Construction has begun on the Jose Gautier Benitez development in Caguas, a 438-unit residential development on the site of a former housing project.
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.