BATON ROUGE & LAFAYETTE, La. — Avanti Senior Living, a seniors housing developer, owner and operator, is developing two new seniors housing communities in Louisiana, one in Baton Rouge and one in Lafayette.
Development
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.
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.