CHICAGO — Love Funding, a lender based in Washington, D.C., has arranged a $12.3 million HUD loan for the construction of Montclare Senior Residences of Lawndale, a 120-unit supportive living community in Chicago.
Development
ROCKVILLE, Md. — Ingleside, a nonprofit operator based in Washington, D.C., has unveiled plans to add 125 independent living units and a new 32-unit memory care building at Ingleside at King Farm, a continuing care retirement community (CCRC) in the D.C. suburb of Rockville.
Pace of Seniors Housing Development to Hold Steady in 2016, Says Lancaster Pollard Survey
by Jeff Shaw
COLUMBUS, Ohio — A clear majority of seniors housing executives plan to start new construction projects in 2016, although they are slightly less ambitious than they were a year ago, according to an online survey of 295 executives by Columbus-based lender Lancaster Pollard.
ITHACA, N.Y. — The Kendal Corp. has opened the first phase of the repositioning and expansion of Kendal at Ithaca, a full-service seniors housing community located on a 105-acre campus in Ithaca. The opening marks the completion of a $30 million expansion, which began in 2012.