Market studies are great tools to help identify the potential opportunities and pitfalls in the seniors housing development and investment business, but they never should be the final arbiter of whether to pull the trigger on a deal, say industry experts.
DENTON, PLANO and MCKINNEY, Texas — CA Senior Living LLC, the seniors housing investment and development division of Chicago-based CA Ventures, has acquired three senior housing communities in the suburbs of Dallas.
PARK RIDGE, Ill. — Senior Lifestyle Corp. has started construction of The Sheridan at Park Ridge, a 100-unit assisted living and memory care community in the Chicago suburb of Park Ridge.
ANAHEIM, Calif. — Kisco Senior Living has completed expansion and renovations at Emerald Court, an independent living and assisted living community in Anaheim.
MURRIETA, Calif. — Lee & Associates – North San Diego County has arranged the sale of seven acres of land in Murrieta, located between Los Angeles and San Diego, for $1.3 million.
CAPE MAY, N.J. — The Diocesan Housing Services Corp. of the Diocese of Camden Inc. (DHSC), MDG Design + Construction LLC, and Hudson Valley Property Group (HVPG) have announced a refinancing an renovation project at Victorian Towers, an affordable seniors housing community in Cape May, located at the southern tip of coastal New Jersey.
NEW HAMPSHIRE, RHODE ISLAND and VERMONT — KeyBank Real Estate Capital has provided a total of $99.8 million in FHA financing for a six-property seniors housing portfolio located across New Hampshire, Rhode Island and Vermont.
LAKE OSWEGO, Ore. — CBRE has arranges a $66.4 million loan for the construction of The Springs Living Lake Oswego, a 216-unit seniors housing community in the Portland suburb of Lake Oswego.
STAMFORD, Conn. — LCB Senior Living has broken ground on The Residence at Summer Street, a 104-unit independent living, assisted living and memory care community in Stamford, approximately 25 miles northeast of New York City.
PHOENIX — Ryan Cos. US Inc. has promoted Tyler Wilson to vice president of real estate development.