HANOVER PARK, Ill. — Kinzie Builders, a division of Kinzie Real Estate Group, has been retained as general contractor for Verandah, a 55+, assisted living and memory care community in Hanover Park, approximately 35 miles northwest of Chicago.
Development
Hubbell to Build 44-Unit Assisted Living Community as Part of New Development Near Des Moines
by Jeff Shaw
ANKENY, Iowa — Hubbell Realty Company will soon begin construction of Siena Hills, a 13-acre development in the Des Moines suburb of Ankeny. The full development will offer single-family homes, townhomes and a 44-unit assisted living and memory care community.
WILLIAMSBURG, Va. — Dougherty & Co. has acquired an unfinished memory care community in Williamsburg for $7.5 million. The Minneapolis-based investment bank and brokerage firm will open the community as Berkeley Oaks and lease it to Solvere Senior Living, a New Jersey-based operator.
Dekel Provides $16.1M for Development of 130-Unit Assisted Living Community in California
by Jeff Shaw
THOUSAND OAKS, Calif. — Dekel Strategic Investors, the equity fund of Dekel Capital, has provided $16.1 million for the development of Sage Mountain Senior Living, a 130-unit assisted living and memory care community in the Los Angeles suburb of Thousand Oaks.
KINGMAN, Ariz. — Boston Capital has invested an undisclosed amount of capital for the rehabilitation of Kingman Heights Apartments and Amy Neal Retirement Center, two affordable seniors housing communities in Kingman, located approximately midway between Phoenix and Las Vegas.
FREDERICK, Md. — Wagman Construction has completed construction of The Lodge at Willow Ponds, a new independent living expansion on the Willow Ponds continuing care retirement community (CCRC) campus in Frederick, approximately 50 miles west of Baltimore.