FOX LAKE, Ill. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Paradise Park Assisted Living and Memory Care, a 64-unit community in the Chicago suburb of Fox Lake.
HOUSTON — CBRE has arranged $59 million in construction financing for The Village of Southampton, a 17-story seniors housing community in Houston.
CARY, N.C. — Cushman & Wakefield Senior Housing Capital Markets Group has arranged the sale of Woodland Terrace, a 176-unit independent living, assisted living and memory care in Cary.
HERMITAGE, Tenn. — Charter Senior Living has named Roger Peden II as executive director of Charter Senior Living of Hermitage, and independent living, assisted living and memory care community in the Nashville suburb of Hermitage.
ANNAPOLIS, Md. — Overall seniors housing occupancy hit a six-year low of 88.3 percent during the first quarter of 2018, with assisted living reaching an all-time low of 85.7 percent, according to the National Investment Center for Seniors Housing & Care (NIC).
KING OF PRUSSIA, Pa. — The Bozzuto Group has completed the development of Canvas Valley Forge, a 231-unit active adult community in the Philadelphia suburb of King of Prussia.
NEW PORT RICHEY, Fla. — NorthMarq Capital has arranged an $11 million refinancing for Villas at Hunter’s Ridge, a 221-unit age-restricted community in the Tampa suburb of New Port Richey.
As the biggest players pull their foot off the gas, smaller groups are picking up some of the slack.
Fannie Mae, Freddie Mac both post record deal volume in 2017.
Tax reform eases financial burden on corporations, but reduces their incentive to invest in federal low-income housing tax credit program.