OVERLAND PARK, Kan. — Senior Lifestyle Corp. and CA Senior Living have unveiled plans for The Sheridan at Overland Park, a 116-unit assisted living and memory care community in the Kansas City suburb of Overland Park.
COMMERCE and STONE MOUNTAIN, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookdale Commerce and Brookdale Stone Mountain, both seniors housing communities in the Atlanta metro area, for $8.2 million.
STERLING HEIGHTS, Mich. — Moceri Cos., a homebuilder based in metro Detroit, plans to develop a $300 million, master-planned community for seniors in Sterling Heights. Situated adjacent to the 27-hole Maple Lane golf course, the 807-unit development, known as Verandas, will feature a mix of townhouses, condominiums and apartments targeting adults age 55 and above.
ANNAPOLIS, Md. — The occupancy rate for seniors housing properties in the third quarter held steady, even as asking rents increased, according to the National Investment Center for Seniors Housing and Care (NIC), the industry’s main data tracking agency.
MILWAUKEE and GERMANTOWN, Wis. — Lancaster Pollard has arranged HUD refinancing loans totaling $23.3 million for two Capri Communities seniors housing facilities in Wisconsin.
AUSTIN, Texas — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Ashwood, a 105-unit assisted living facility in Austin, for an undisclosed sum.
NEW YORK CITY — Bridge Investment Group Partners and its subsidiary ROC Seniors Housing Fund Manager have announced a new initiative to invest more than $2 billion in independent living, assisted living and memory care assets in the United States.
HILO, Hawaii — Alden Capital Partners has financed the rehabilitation of Kamana Elderly Apartments, a 62-unit affordable housing development for seniors in Hilo. Alden was awarded $5.2 million in federal low-income housing tax credits and $2.6 million in Hawaii state low-income housing tax credits from Hawaii Housing Finance and Development Corp.
ALGONQUIN, Ill. — Ryan Cos. US Inc. has completed construction of Clarendale of Algonquin, a $40 million, 186-unit senior living community in Algonquin, approximately 45 miles northwest of Chicago.
MURFREESBORO, Tenn., and OLATHE, Kan. — National Health Investors Inc. (NYSE: NHI) has signed an agreement with its joint venture partner Bickford Senior Living to convert all of the partnership’s 32 seniors housing leases from a RIDEA structure to triple net.