Senior Housing
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.
Detroit Adds 54 Units for Low-Income Seniors
The development is part of Bedrock’s agreement with the City of Detroit to build and preserve 700 affordable housing units over the next several years.
FL Affordable Senior Community Gets $20M in Loans
The new owner plans to invest approximately $3.6 million in renovations at the 104-unit property located in Pinellas County. Hunt Real Estate Capital provided the financing.
Senior Housing Demand Outpaces New Supply
The first quarter saw net absorption of 2,934 units across 31 markets, slightly outstripping inventory growth by 294 units, according to the National Investment Center for Seniors Housing & Care.
Luxury NJ Senior Housing Opens Doors
The 73,000-square-foot 85-unit facility is the first assisted living and memory care property built in the borough since 2000, under the management of Chelsea Senior Living.
Low-Income Senior Housing Community Changes Hands in CA
Lee & Associates facilitated the $8.7 million sale. The previous owner recently upgraded Aurora Village—located in an Opportunity Zone—with solar electric and water heating systems.
Meridian Senior Living Adds to Portfolio
Located in Lafayette, La., the assets are owned by American Health Investors and comprise a total of 147 beds for memory care, assisted living and independent living.
CareTrust REIT Closes $211M Senior Housing Acquisition
The 12-property portfolio totals 1,734 beds across Louisiana and Texas. The seller is an affiliate of BM Eagle Holdings LLC.
NorCal Senior Housing Property Lands $26M Refi
Cushman & Wakefield has secured the first mortgage loan for the 148-unit assisted living and memory care community delivered in the fall of 2016.
In Case You Missed It: MHN’s Top 5 Posts in March
Miss any of our articles? Catch up with five of our most popular posts for the month.