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Affordable HousingDevelopmentFinanceNewsTexas

Hunt Capital Partners Arranges $13.2M Financing for Oak Lofts Crossing Affordable Community in Stafford, Texas

by Jeff Shaw

STAFFORD, Texas — Hunt Capital Partners has arranged $13.2 million in Low-Income Housing Tax Credit financing for the construction of Oak Lofts Crossing for Seniors, a 60-unit affordable seniors housing community in the Houston suburb of Stafford. Oaklake Community Housing Development Corp. (OCHDC) is the borrower. Comprised of a four-story, elevator-serviced, mid-rise building, the development will offer a mix of one- and two-bedroom affordable homes for those who earn up to 30 percent, 50 percent and 60 percent of the area median income (AMI). Oak Lofts Crossing provides a much-needed …

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DevelopmentNewsNorth Carolina

Liberty Senior Living Completes Renovations at Quail Haven Village in Pinehurst, North Carolina

by Jeff Shaw

PINEHURST, N.C. — Liberty Senior Living has completed renovations at Quail Haven Village in Pinehurst, approximately midway between Charlotte and Raleigh. Quail Haven Village features 79 units of independent living, 12 units of assisted living and 60 beds of skilled nursing and rehabilitation, in addition to offering home care services on its campus.  Renovations included improvements to the dining room, clubhouse and apartments.

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AcquisitionsDevelopmentNewsSouth Carolina

Marcus & Millichap Brokers Sale of Office Building in Charleston for Senior Care Conversion

by Jeff Shaw

CHARLESTON, S.C. — Marcus & Millichap has arranged the sale of 7445 Cross County Road, a 6,787-square-foot office property located in Charleston. “The new tenant, Elite Home Care and Day Center, is a reputable provider of adult day care services and is rapidly expanding,” says Ani Paulson, vice president investments. “Having started in the Greenville-Spartanburg area, they now have locations in Columbia, Georgetown and Myrtle Beach.” Paulson, investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, John Price, …

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Affordable HousingDevelopmentMassachusettsNews

Joint Venture Completes Conversion of Former Middle School to LGBTQ-Focused Affordable Community in Boston

by Jeff Shaw

BOSTON — LGBTQ Senior Housing Inc., Pennrose, the City of Boston and other project partners have opened The Pryde, an LGBTQ-affirming affordable housing community for seniors in Boston’s Hyde Park neighborhood. The project transformed the historic Rogers Middle School site into a vibrant community of 74 mixed-income rental homes. The Pryde includes studio, one- and two-bedroom modern apartments available to households earning less than 30 percent to less than 100 percent of the area median income (AMI), or approximately $36,690 to $103,900 for a one-person household. Several apartments will be …

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Seniors Housing Contrarians Webinar panel
AcquisitionsActive AdultAffordable HousingAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsVideosWebinars

Webinar: Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment

by Sarah Daniels

The June 27 webinar “Meet Seniors Housing’s Contrarians — A Handful of Investors Go Big in a Challenging Environment” covered the difficulties and opportunities in seniors housing, including the impact of rising interest rates, the rise of regional operators and best practices for meeting regulatory requirements. The panel of industry experts also shared insights on managing troubled assets and adapting to post-pandemic challenges in the healthcare real estate industry. Despite concerns about affordability and rising insurance costs, there were signs of growth and opportunity in the sector. Speakers emphasized the …

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Assisted LivingDevelopmentNewsNorth Carolina

Waltonwood Senior Living Plans 95-Unit Community in Raleigh, North Carolina

by Jeff Shaw

RALEIGH, N.C. — Waltonwood Senior Living has released plans for Waltonwood Lead Mine, an assisted living and memory care community set to open in Raleigh in fall 2025.  The community will feature 95 units, including 65 for assisted living and 30 for memory care. The site is near Crabtree Valley Mall and the North Hills area, which Waltonwood selected to provide convenient access to local amenities and services. Partners on the project include Cline Design Architects, Lighthouse Engineering, Hauser Creech Structural Engineers, Singh Development and Choate Construction.

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DevelopmentMassachusettsNews

LCB Completes Renovations at Residence at Paine Estate in Wayland, Massachusetts

by Jeff Shaw

WAYLAND, Mass. — LCB Senior Living has completed a renovation project at the Residence at Paine Estate in Wayland, approximately 15 miles west of Boston. The property, which sits alongside the Sudbury River, was purchased in the early 1900s by Edwin Farnham Greene, who built a brick mansion and installed gardens overlooking the river. In 1926, he sold the site to Frank and Virginia Paine and it became known as Paine Estate.  Frank Paine was the son of a Civil War general who earned his fortune by investing in the …

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Affordable HousingDevelopmentFloridaNews

FK Architecture Designs $25M The Fountains at Hidden Lake  Affordable Community in Crystal River, Florida

by Jeff Shaw

CRYSTAL RIVER, Fla. — FK Architecture has completed design work for The Fountains at Hidden Lake, an affordable seniors housing facility along Florida’s Nature Coast, and the project is now under construction.  The seven-acre community will encompass 81,000 square feet of living space in addition to amenities space.  Housing Trust Group (HTG) is developer for the four-story, $25 million community. It will feature 81 one- and two-bedroom units for residents over age 62 who earn at or below 40 and 60 percent of the region’s median income. Individual units, ranging …

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DevelopmentMissouriNewsSkilled Nursing

IMPACT Strategies Completes Construction of 40-Unit The Rehabilitation Institute of St. Louis – West County

by Jeff Shaw

BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis.  Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters.  The recently completed …

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