Senior Housing
Atlanta Tower’s Act 3: Senior Housing
Originally a hotel, later a condominium community, Presidential Tower is about to start a third life as senior housing. Peacock Partnership acquired the property after five years of negotiations.
Meridian Secures $106M for Skilled Nursing Facilities
Located in Florida, New Jersey, Connecticut and Massachusetts, the eight properties obtained financing that included acquisition, bridge and mezzanine loans.
Increasing Employee Retention in the Competitive Senior Living Industry
When employees feel valued, their satisfaction and the quality of services they deliver improves significantly. Karla Jackson of StudioSIX5 shares tips on how to make your team successful.
Senior Living Bridges the Generation Gap
Developing communities expressly for residents 55 and up is the dominant format for these communities. Yet as several new examples illustrate, a multigenerational approach offers benefits for all stakeholders.
Senior Resource Group Debuts in Texas With Tower Project
Scheduled for completion in 2019, the 230-unit community is designed for residents age 62 and older.
WinnDevelopment Opens $29M NY Senior Housing
The Landmark at Sibley Square in Rochester includes 72 affordable units and is part of the larger Sibley Square mixed-use redevelopment.
Suburban Atlanta Senior Community Changes Hands
Village Park Senior Living has sold the 127-unit Village Park at Alpharetta, a newly constructed property offering independent and assisted living as well as memory care units.
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
CA Senior Living to Expand WA Community
The renovated Quail Park of Lynnwood, which currently has 130 units, will include 252 units and enhanced assisted-living services.
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.