Senior Housing
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.
Bronx Low-Income Housing for LGBT Seniors Underway
BFC Partners, HELP USA and SAGE announced the groundbreaking of the $41.4 million Crotona Senior Residences, which will include 84 units.
Dominium Completes Upgrades at Cincinnati Community
The developer, which is also the previous owner of the property, partnered with National Housing Trust to remodel all 137 units as well as the common areas.
NYC-Area Post Acute Care Center Opens
Atrium Post Acute Care of Livingston can accommodate a total of 144 patients. The facility offers therapy and fitness space, as well as a NeuroGym and a mineral wellness spa.
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD’s Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.
Life Care Services Tapped to Manage $215M FL Senior Housing
The 42-story Riverwalk Residences of Las Olas in Fort Lauderdale will include 401 units, on-site doctors, physical therapy and adult daycare.
8-Property ID Student Housing Portfolio Trades Hands
Marcus & Millichap secured the buyer and seller for the Rexburg properties, which are all near Brigham Young University-Idaho and include a total of 1,546 beds.
Senior/Multifamily Luxury Community Approved in Dayton
The development will provide 242 senior living and 276 multifamily units. The Grand of Sugarcreek, the retirement component, is scheduled to break ground in the third quarter of 2018.
NY Skilled Nursing Portfolio Lands $75M Financing
The 561-bed Optima Portfolio comprises three skilled nursing assets in the New York City area. The acquisition loan was funded through HUD.
RBJ Center in Texas Begins Renovation, Redevelopment
The existing 16-story tower will be revamped and a new five-story building will be added. Upon completion, the property will have more than 500 apartments for seniors.