ATLANTA — LTC Properties Inc. (NYSE: LTC) has closed on a $6.8 million mezzanine loan for the construction of Corso Atlanta, a nine-acre campus in the Buckhead area of Atlanta.
Development
CIBOLO, Texas — Gardena, California-based Highridge Costa Development Company and Dallas-based Casa Linda Development Corporation have opened El Sereno Senior Living, an affordable seniors housing community in Cibolo, approximately 20 miles northeast of downtown San Antonio.
LOS ANGELES — It’s no secret there’s a lot of capital chasing seniors housing deals. REITs aren’t selling, Boomers are still aging, and investors have a pool of money that doesn’t have a home. That’s according to panelists at InterFace Conference Group’s Seniors Housing West, held March 7 at the Omni Los Angeles. What does have a home, ironically, is the senior population.
MIAMI and HOUSTON — Baptist Health South Florida, a Miami-based nonprofit healthcare organization, and Belmont Village Senior Living, a Houston-based seniors housing owner-operator, have created a joint venture to develop new seniors housing properties in South Florida.