Senior Housing - Philadelphia
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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.
18 October 2017 20:34 -
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.
17 October 2017 14:16 -
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.
19 June 2017 15:56 -
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.
22 May 2017 14:28 -
Vitus to Give Philly Senior Housing a Makeover
The 16-story building, formerly known as Sidney Hillman Apartments, was constructed in 1967.
09 March 2017 14:48 -
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.
18 January 2017 15:08 -
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.
29 September 2016 14:39 -
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.
27 September 2016 16:19 -
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.
27 January 2016 17:46 -
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.
03 March 2014 17:45