The American Seniors Housing Association (ASHA) has relaunched an enhanced version of its Where You Live Matters consumer website (whereyoulivematters.org) that features a new tool to funnel leads directly to participating communities at no expense. The announcement by ASHA President and CEO David Schless came in an e-mail blast to association members on Monday. Schless wrote that the new and improved site continues to include educational information on senior living that consumers rely upon, but now offers some new features that include: • direct lead referrals at no cost to …
While the product’s definition and brand identity can be obscure and subjective and the amount of data available on it is limited, the asset class known as active adult is experiencing healthy growth in development and resident demand. In turn, those positive vital signs are making both institutional and private investors increasingly comfortable with the property type. This is particularly the case among investors with significant allocations of capital to the multifamily sector and who are seeking yield within that highly competitive space. While the available data on the asset …
PORT ST. LUCIE, Fla. — CanAm Capital Partners, an affiliate of New York City-based investment bank CanAm Enterprises, has provided a $10 million mezzanine loan for the construction of a 159-unit active adult and independent living community in South Florida. The property will be situated on a 10-acre site in Port St. Lucie, located on the east coast of the Sunshine State. The borrower, Lloyd Jones LLC, will operate the property under its Aviva brand. An expected completion date was not disclosed.
SARATOGA SPRINGS, N.Y. — Axiom Capital LLC has arranged a $17.4 million loan for the refinancing of a 178-unit independent living community located in the Upstate New York city of Saratoga Springs. The nonrecourse loan was structured with a 10-year term and a fixed interest rate. The local borrower has owned and operated the facility since its construction. A life insurance company provided the loan.