HOUSTON, DALLAS and AUSTIN, Texas — KeyBank Real Estate Capital has provided $202.1 million in Freddie Mac financing to a joint venture between Kayne Anderson Real Estate Advisors and Discovery Senior Living.
Independent Living
PALMYRA, Pa. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Traditions of Hershey, a 120-unit independent living community in Palmyra approximately 18 miles east of Harrisburg, for an undisclosed price.
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.