Senior Housing
On the Market: 5 Interesting Listings for the Week of 6/11
This week’s listings include a rehabilitated historic asset in St. Louis and a newly constructed community in Las Vegas’ Spring Valley.
Long Island Senior Community Receives $10M HUD Loan
Located 45 minutes from Manhattan, Birchwood Suites in East Northport, N.Y., landed the refinancing loan through HUD’s Section 232 pursuant to Section 223(f) funding program.
Dallas Senior Housing Community Lands $26M Loan
KeyBank originated a Freddie Mac loan for the acquisition of a 175-unit property. The community was built in 2009 and offers independent living homes.
KeyBank Provides Financing for 2 Affordable Senior Housing Assets
Alliant Capital and New York State HFA provided additional financing, supported by existing project-based HUD Section 8 vouchers, for the renovation of the properties.
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.