The seniors housing industry is extremely active on the development front so far in 2015, with no signs of slowing down. Nationally, there are 12,000 units of independent living — over four times last year’s pace — and 20,000 units of assisted living currently under construction, according to a March report from Marcus & Millichap.
Development
FORT MYERS, Fla. — Walker & Dunlop Inc. (NYSE: WD) has arranged an $11 million acquisition bridge loan for The MacFarlane Group, who will use the money to convert the currently Ambassador Hotel in Fort Myers into a 323-unit independent living facility.