Multifamily news in Senior Housing - Philadelphia
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Greystone Arranges $63M for Pennsylvania Portfolio
The properties include five skilled nursing facilities totaling 622 beds across four municipalities.
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Senior Community Opens Near Philadelphia
Capitol Seniors Housing developed the $28.4 million assisted living and memory care facility in Mount Laurel, N.J.
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NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
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Upscale Senior Living Community Coming to Suburban Philadelphia
South Bay Partners and LAMB Properties have joined forces to develop a 250-unit luxury senior housing community which will focus on holistic aging. The project is slated for completion in early 2021.
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Tryko Partners Buys Philly-Area Skilled Nursing Facility
The 129-bed facility, located next to the Fitzgerald Hospital in Yeadon, Pa., provides post-hospital care, short-term rehab and long-term residential care.
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TD Bank Invests in Affordable Philly Community
The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.
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NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
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Inspirit Nabs 2 PA Senior Living Facilities
The Palmerton and The Willow are the latest additions to an extensive new regional network planned by the company. Additionally, Inspirit intends to renovate both assets.
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NewCourtland to Redevelop Former Liddonfield Homes Site
The new owner acquired the site for $5.5 million from the Philadelphia Housing Authority. The former public housing development will be transformed into an affordable senior housing community.
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Vitus to Give Philly Senior Housing a Makeover
The 16-story building, formerly known as Sidney Hillman Apartments, was constructed in 1967.
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Behind the Deal: Landis Square Senior Apartments
With developers reluctant to approach affordable residential developments, Landis Square Senior Apartments proves that an eight-year-long story can have a successful ending.
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Affordable Senior Housing Opens in Philly
The Archdiocese of Philadelphia’s latest housing facility in East Kensington offers senior-friendly apartments designed by Cecil Baker + Partners.
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Philadelphia’s First Affordable Housing Property for Seniors Celebrates Anniversary
Financing arranged by Berkadia allowed for a renovation in advance of the community’s 50th anniversary.
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Vitus Group Buys, Maintains Affordable Housing in Philadelphia
Vitus has acquired 590 senior housing units in Philadelphia, which it plans to renovate and preserve as affordable for another 30 years.
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LGBT-Friendly Affordable Seniors Community Opens in Philly
Pennrose Properties and dmhFund have opened John C. Anderson Apartments, the first LBGT-friendly affordable seniors housing community in Philadelphia, to great fanfare.