AUSTIN, Texas — Spectrum Retirement Communities has started construction on Lake Travis Independent Living, a 150,000-square-foot luxury community in Austin.
Independent Living
WEST DUNDEE, Ill. — Gardner Capital Development, in partnership with the Elgin Housing Authority, was awarded $1.5 million in Low Income Housing Tax Credits (LIHTC) from the Illinois Housing Development Authority to develop West Dundee Senior Independent Living in the northwest suburbs of Chicago.
American House, REDICO Break Ground on Phase III of Bonita Springs Community in Southwest Florida
by Jeff Shaw
BONITA SPRINGS, Fla. — American House and REDICO, a national real estate development and investment firm, have broken ground on 88 independent living apartments in the third and final phase of American House Bonita Springs Senior Living community in Florida.
METROPOLIS, Ill. — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of Misty Meadows Senior Living Center, an independent living community in Metropolis near the southern border of the state, for $4.4 million.
SANTA ROSA, Calif. — Greystone, a real estate lending, investment and advisory company, has provided a $58.3 million Freddie Mac loan to refinance Varenna at Fountaingrove, a 163-unit independent living facility in Santa Rosa, just north of San Francisco.
TEANECK, N.J. — Holliday Fenoglio Fowler L.P. (HFF) has arranged the sale of Heritage Pointe of Teaneck, a 142-unit independent living facility in Teaneck. The buyer was Washington, D.C.-based asset management firm The Carlyle Group, according to local news outlet NorthJersey.com.