NorthMarq Arranges $23.7M Construction Loan for Communiy in Cincinnati
CINCINNATI — NorthMarq’s Cincinnati office has arranged $23.7 million of debt and equity for the construction of Airy Hills at North Bend Crossing in Cincinnati.
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Senior Lifestyle Breaks Ground on 125-Unit Community Near Chicago
RIVER FOREST, Ill. — Senior Lifestyle Corp., along with Kaufman Jacobs, has broken ground on The Sheridan at River Forest in River Forest, a village just west of Chicago.
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McCamant & Durrett Architects Designs LGBT-Friendly Cohousing Development
DURHAM, N.C. — McCamant & Durrett Architects has completed design of Village Hearth Senior Cohousing in Durham, with the company claiming it as the first LGBT seniors cohousing community in North America.
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CCRC in Atlanta Breaks Ground on $115M Independent Living Expansion
ATLANTA — Lenbrook, an independently owned and operated continuing care retirement community in Atlanta’s upscale Buckhead neighborhood, has broken ground on a 53-unit independent living expansion at the community.
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Solvere Starts Construction of 124-Unit Community Near D.C.
WOODBRIDGE, Va. — Solvere Living, the operations management division of Florida-based Solutions Advisors Group (SAG), has broken ground on Aspire at Belmont Bay in Woodbridge, approximately 25 miles southwest of Washington, D.C.
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Palace Opens Information Center at $130M Development Near Miami
WESTON, Fla. — The Palace Group has opened an 8,000-square-foot information center at the future site of The Palace at Weston, a $130 million development in Weston, about 30 miles northwest of Miami.
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KIRCO, Phoenix Break Ground on 132-Unit Community in Alabama
HUNTSVILLE, Ala. — KIRCO, along with its construction arm KIRCO MANIX, has broken ground on Madison Crossings, a seniors housing community in Huntsville.
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KeyBank Arranges $10.6M Construction Financing for Affordable Community in Cincinnati
CINCINNATTI — KeyBank Community Development Lending and Investment (CDLI) has arranged $10.6 million in financing for construction of Walnut Hills Senior Campus in Cincinnati.
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Mission Senior Living Completes Memory Care Expansion in Reno, Nevada
RENO, Nev. — Mission Senior Living has completed an eight-bed memory care expansion at Summit Estates Senior Living and Memory Care in Reno.
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Alliant Capital Invests in 10-Unit Affordable Community in Michigan
HART, Mich. — Alliant Capital has invested in Griswold Senior, an affordable seniors housing development in Hart, a small city near the banks of Lake Michigan.
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Erickson Completes 168-Unit Independent Living Expansion at Lantern Hill CCRC in New Jersey
NEW PROVIDENCE, N.J. — Erickson Living has completed construction of Bell Pavilion, a residential building on the campus of its Lantern Hill continuing care retirement community (CCRC) in New Providence, approximately 25 miles west of Manhattan.
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OZ Architecture Designs 176-Unit Active Adult Community in Denver
DENVER —OZ Architecture has completed the design of Airie, a 308,000-square-foot active adult community to be built in Denver.
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Resort Lifestyle Communities Opens 128-Unit Independent Living Community in Bridgeville, Pennsylvania
BRIDGEVILLE, Pa. — Resort Lifestyle Communities has opened Chartiers Bend Retirement Resort, a 128-unit independent living community in Bridgeville, a southwestern suburb of Pittsburgh.
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HJ Sims Arranges $61.6M Financing for CCRC Expansion Near Philadelphia
ABINGTON TOWNSHIP, Pa. — HJ Sims has arranged $61.6 million in financing for an expansion project at Rydal Park, a continuing care retirement community (CCRC) in Abington Township, approximately 10 miles north of Philadelphia.
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Evergreen Real Estate Opens Six-Story Affordable Community in Chicago
CHICAGO — Evergreen Real Estate Group has completed construction of Independence Apartments, a six-story, 44-unit affordable seniors housing community located above the new Independence Branch Library in Chicago’s Irving Park neighborhood.
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DMK Development, Trilogy Management Break Ground on $14M Community in Danville, Kentucky
DANVILLE, Ky. — Trilogy Management Services and DMK Development Group have broken ground on a seniors housing community in Danville, approximately 30 miles southwest of Lexington.
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Weitz Breaks Ground on 180-Bed Skilled Nursing Expansion in Ft. Myers, Florida
FORT MYERS, Fla. — The Weitz Company and Shell Point Retirement Community have broken ground on Waterside Health Center, a 195,141-square-foot skilled nursing facility in Ft. Myers.
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Village Park Breaks Ground on 204-Unit Community in Atlanta
ATLANTA — Village Park has broken ground on Corso Atlanta, a luxury senior living community in Atlanta’s upscale Buckhead neighborhood.
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Acts Plans $70M Expansion at Community in Delaware
GREENVILLE, Del. — Acts Retirement-Life Communities is set to begin work on a $70 million expansion at Country House, a continuing care retirement community in Greenville, a suburb of Wilmington.
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Tutera Completes $55M Community in North Kansas City
KANSAS CITY, Mo. — Tutera Senior Living & Health Care has completed construction of Tiffany Springs Senior Living in Kansas City.
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Senior Lifestyle Corp. Breaks Ground on 200-Unit Community Near Chicago
OAK BROOK, Ill. — Owner, operator and developer Senior Lifestyle Corp., along with real estate investment firm Kaufman Jacobs, have broken ground on The Sheridan at Oak Brook, approximately 17 miles west of downtown Chicago.
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Propero Invests in $41.4M Development in Brooksville, Florida
BROOKSVILLE, Fla. — Propero Seniors Housing Equity Fund III LLC has invested an undisclosed amount of equity into Cortez Oaks Health and Rehabilitation, a seniors housing development in Brooksville, located 45 miles north of Tampa and 65 miles west of
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Cadence Living, Ryan Cos. Complete 170-Unit Community in Mesa
MESA, Ariz. — Cadence Living and Ryan Cos. have opened Acoya Mesa, a 170-unit senior living community in Mesa.
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Abby Development Starts Construction of 234-Unit Community in Texas
BURLESON, Texas — Abby Development has broken ground on Wilshire Senior Living, a 234-unit seniors housing development in Burleson, just south of Fort Worth.
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Phoenix, Flournoy Development Plan 142-Unit Community in Savannah, Georgia
SAVANNAH, Ga. — A joint venture between Phoenix Senior Living and Flournoy Development Group has unveiled plans for The Phoenix at Savannah, a 142-unit seniors housing community in Savannah.
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Welltower Buys Newbury College Campus Near Boston for $34M, Plans Senior Living Development on Site
BROOKLINE, Mass. — Welltower has acquired the former Newbury College campus in the first-ring Boston suburb of Brookline for $34 million. The REIT plans to convert the property to seniors housing.
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Providence Place Opens 20-Acre Senior Living Community Near Philadelphia
COLLEGEVILLE, Pa. — Providence Place, a family-owned senior living company founded by former Pennsylvania governor George Leader, has opened a new location in Collegeville, a tiny borough approximately 25 miles northwest of Philadelphia.
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