SPRINGFIELD, Ill. — Elevation Financial Group has acquired two affordable seniors housing communities in Springfield, located between Chicago and St. Louis, for a total price of $10.7 million.
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DENVER — MGL Partners and Solvera Advisors have completed the conversion of the historic Tammen Hall building in Denver into 49 affordable seniors housing units.
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Industry must share the responsibility of creating new models that will serve all aging Americans.
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TUKWILA, Wash. — Sortis Holdings Inc. (SOHI), a Portland-based private equity firm, has provided equity funding for Tukwila Village Phase II, a mixed-income senior living development in Tukwila, approximately 10 miles south of Seattle.
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HILLIARD, Ohio — Columbus, Ohio-based architecture and planning firm M+A Architects has completed its design work on The Ashford at Sturbridge, a $12 million affordable senior living project.
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DEERFIELD BEACH, Fla. — TD Bank has provided $9 million loan for the renovation of Palms of Deerfield Apartments, an affordable seniors housing community in Deerfield Beach.
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HICKORY, N.C. — Woda Cooper Cos. has unveiled plans for Center Crossing, a 50-unit affordable seniors housing community in Hickory, approximately 50 miles northwest of Charlotte.
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EDGEWATER, Md. — Avanath Capital Management has acquired Victoria Park at Edgewater, a 102-unit affordable seniors housing community in Edgewater.
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PEORIA, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Courtyard Estates of Peoria, a supportive living facility in Peoria. A large long-term care owner/operator based in Illinois sold the asset to a supportive living facility owner/operator for
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DECATUR, Ga. — Bellwether Enterprise Real Estate Capital has provided a $3 million construction-to-permanent loan for the development of Scott Boulevard Senior Residences, an affordable seniors housing community in Decatur. Located eight miles east of downtown Atlanta, Scott Boulevard Senior Residences
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Low-income seniors experience years-long waiting lists, and the problem is primed to get worse before it gets better.
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OXNARD, Calif. — NorthMarq has arranged $7.6 million in financing for Seawind Seniors Apartments, an age-restricted community in Oxnard, approximately 65 miles west of Los Angeles.
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ALAMEDA, Calif. — The City of Alameda, Eden Housing and Alameda Point Partners have broken ground on Alameda Point Senior Apartments, a 60-unit affordable seniors housing community in Alameda, just south of Oakland.
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CIBOLO, Texas — California-based Highridge Costa Development Co. has opened El Sereno Senior Living, a $21 million community in Cibolo, a northeastern suburb of San Antonio.
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COVINGTON, Ga. — Monarch Private Capital (MPC) has invested $20 million of equity in Harmony at Covington Apartments, a 122-unit affordable seniors housing community in Covington, through the low-income housing tax credit (LIHTC) program.
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MIDDLETOWN, Pa. — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has provided a $5.3 million HUD-insured loan for Middletown Interfaith Apartments.
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YUMA and FLAGSTAFF, Ariz. — The Weitz Company and Arizona Department of Veterans’ Services (ADVS) are preparing to break ground on a new Arizona State Veteran Home in Yuma. This will be the second such home built by the partnership,
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CHICAGO— Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable seniors housing community in Chicago’s Englewood neighborhood.
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WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) has issued $50 million in bond financing for the construction of The Residences at Southern Avenue in Washington, D.C.
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PENSACOLA, Fla. — Florida-based general contractor Summit Contracting Group has started construction on Lucas Creek, an affordable seniors housing development in Pensacola, located on the panhandle near the Alabama border.
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COOKEVILLE, Tenn. — Walker & Dunlop Inc. has structured a $5.8 million loan through the United States Department of Housing and Urban Development (HUD) for Walnut Village, an affordable seniors housing community in Cookeville, approximately midway between Knoxville and Nashville.
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MADISON, Wis. — Associated Bank has completed $4.7 million in new construction financing and placement of $6.2 million in low-income housing tax credit (LIHTC) equity for Point Place Senior Apartments in Madison.
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OAKLAND, Calif. — Bay Area Community Services (BACS) and Kaiser Permanente have announced a partnership that will house 515 aging, homeless individuals in Oakland.
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SEASIDE HEIGHTS, N.J. — Walters, a New Jersey-based affordable housing developer, has completed Cornerstone At Seaside Heights, an age- and income-restricted apartment community in the Jersey Shore town of Seaside Heights.
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MELBOURNE, Fla. — Dominium, a Minneapolis-based apartment owner, developer and manager, will hold a grand re-opening on June 4 for Crane Creek, a seniors housing community in Melbourne.
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NEW YORK CITY — HANAC Inc., Enterprise Community Partners and Chase have opened the doors on Corona Senior Residence, an affordable seniors housing community in the Corona neighborhood of Queens.
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NEW YORK CITY — The Community Preservation Corp. (CPC), Project FIND, the Joint Ownership Entity New York City (JOE NYC), and the New York City Department of Housing Preservation and Development (HPD) have received a $6 million Fannie Mae Multifamily
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