Senior Housing
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.
Walker & Dunlop Secures $20M Loan for Affordable TN Asset
Vice President Rob Rotach secured the financing for the 153-unit Dandridge Towers, an age-restricted asset in southern Nashville, through the HUD program.
Greystone Closes Sale of TX Senior Housing
The Aspens at Wade Park in Frisco includes 162 units and features a pool, a movie theater and a salon.
2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
Maravilla at the Domain Tops Out
The 230-unit senior living community, on track to meet its anticipated completion in mid-2019, will be served by more than 200 employees.
Affordable CA Asset Trades for $30M
Marcus & Millichap facilitated the sale of Grandon Village, a 161-unit community in San Marcos. The age-restricted property was fully occupied upon closing.
HFF Arranges Construction Loan for Denver Senior Housing
Upon completion in 2019, the Class A community will offer 94 assisted-living and 32 memory-care units.
The Reasons Behind Skilled Nursing’s Occupancy Decrease
Bill Kauffman, senior principal at NIC, discusses the key findings of the organization’s latest report on the industry. He also touches on the new recipe for a successful business model in the sector.
LA-Area Affordable Senior Housing Lands Refi
The 114-unit community dates back to 2002 and is available for 55-plus residents, earning 60 percent of the area median income.