Senior Housing
IPA Arranges $23M Sale of FL Lakefront Development Site
Marcus & Millichap worked on behalf of the seller. The new owner intends to break ground next year on a luxury senior living community.
CPDC Breaks Ground on VA Mixed-Income Development
The community in Richmond’s Jackson Ward neighborhood will comprise two buildings, one for low-income seniors and the other dedicated to workforce housing.
Arcapita Acquires Chicago Senior Housing Portfolio
The portfolio is composed of 1,100 units and is the company’s third senior housing acquisition over the last two-and-a-half years.
Affirmed Housing Opens CA Affordable Senior Property
Bella Vita is a 65-unit development in Carson. The community serves low-income seniors and includes 3,000 square feet of commercial place.
Two Senior Housing Communities to Open in North Austin
Fort Worth-based Civitas Senior Living acquired the assets earlier this year and plans to open the facilities later this autumn. The properties include a variety of amenities that promote interaction.
JV Buys Recently Built Chicago-Area Senior Housing Property
Virtus Real Estate Capital and Pathway to Living are the new owners of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care facility in Prospect Heights, Ill.
Age-Restricted Community in DFW Changes Hands
Marcus & Millichap brokered the sale of the 240-unit senior community located south of central Dallas. The buyer received a $20.3 million, 10-year Fannie Mae acquisition loan.
Spectrum Retirement to Add 2 Properties in Suburban Chicago
The communities located in Elgin and Algonquin are set to provide a total of 341 units, including independent living, assisted living and memory care facilities.
NorCal Senior Community Changes Hands
Gerson Bakar & Associates traded the 154-unit property for $29 million, with the buyer securing a nearly $30 million acquisition and development loan.
Strategic Student & Housing Trust Acquires $92M Portland Asset
The 286-unit Courtyard at Mt. Tabor marks the REIT’s fourth acquisition in the senior housing sector since entering the market in February.