Developers seize on the opportunity to build communities geared specifically for certain groups of overlooked elders. By Jane Adler Long ignored but no longer forgotten, seniors with diverse backgrounds are getting their own niche communities. A number of new projects are underway for LGBTQ seniors and members of growing ethnic and religious groups. Of course, niche communities are nothing new. There are retirement campuses for everyone from Hollywood actors to military officers. Many niche properties revolve around special interests such as a love of nature or an interest in the …
From The Magazine
The government goes on hiatus, deal size grows, and ORIX shows its dominance. By Matt Valley Despite enduring a federal government shutdown for 35 days that temporarily put a crimp in loan processing, the HUD/FHA Section 232 mortgage insurance program used to finance seniors housing properties rallied to post a solid performance in fiscal year 2019. The volume of loans closed during the 12-month period that started Oct. 1, 2018 and ended Sept. 30, 2019 totaled $3.7 billion. That’s up from $3.6 billion the prior fiscal year. The HUD/FHA Section …