NEWTON, Mass. — MassDevelopment has provided $129 million in tax-exempt bond financing for the construction of Opus Newton, a 174-unit seniors housing project that will be located on the western outskirts of Boston. The borrower and developer is locally based…
STOUGHTON, Mass. — KIRCO has acquired Brookmeadow at Blue Hills, a 91-unit assisted living and memory care community in the Boston suburb of Stoughton. The community was built in 2009 and was acquired at 45 percent of replacement cost in…
STOUGHTON, Mass. — Cushman & Wakefield has arranged the sale of the Arbors of Stoughton, a 91-unit assisted living and memory care community in Stoughton, 20 miles south of downtown Boston. Richard Swartz, Jay Wagner and Jim Dooley represented the…
LEXINGTON, Mass. — Waterstone has appointed Fred Kelly as the executive director of Waterstone of Lexington in the Boston suburb of Lexington. Kelly joins the independent and assisted living community after serving as executive director for its adjacent sister community,…
BROOKLINE, Mass. — Law firm Nixon Peabody LLP has advised Hebrew SeniorLife in the site acquisition and construction of a new affordable seniors housing complex in Brookline, a first-ring suburb of Boston. The project involves the construction of a seven-story…
STOW, Mass. — Massachusetts-based developer Habitech Acquisitions has acquired 37.3 acres in Stow, about 30 miles west of Boston, with plans to construct a 141-unit active adult community. Known as The Cottages at Wandering Pond, the project will feature a…
NEWTON, Mass. — Benchmark Senior Living has planned a $13 million renovation project at Evans Park at Newton Corner in the Boston suburb of Newton. The project will modernize the 30-year-old assisted living and memory care community. It is scheduled…
BROCKTON, Mass — Lument today has provided a $15 million HUD Sec. 232/223(f) loan to refinance Alliance Health at West Acres, a 130-bed skilled nursing facility (SNF) in Brockton, approximately 20 miles south of Boston. Alliance Health owns and operates…
NEWTON, Mass. — 2Life Communities has broken ground on Opus Newton, a middle-income senior living development in Newton, just west of Boston. The groundbreaking takes place a year ahead of schedule, with 95 percent of the 174 available apartments already…
WOBURN, Mass. — Life Care Services (LCS) has announced a summer 2023 opening for The Delaney at The Vale, an independent living, assisted living and memory care community in the Boston suburb of Woburn. Boston-based architect DiMella Shaffer designed the…
BOSTON — The Architectural Team (TAT) and Beacon Communities LLC have opened Phase III of The Anne M. Lynch Homes at Old Colony, an affordable seniors housing community in South Boston. The new building feature 55 units and was built…
BEVERLY, Mass. — Beacon Communities and Harborlight Homes have received financing to redevelop the former Briscoe School in Beverly into a mixed-use community centered around affordable housing for seniors. Located near the Atlantic Ocean approximately 15 miles north of Boston,…
MEDFORD, MASS. — MassHousing has provided $13.5 million in financing for Riverside Towers, a 199-unit affordable seniors housing complex in Medford, located north of Boston. Built in 1979, Riverside Towers consists of 161 one-bedroom and 38 two-bedroom units in a…
CHARLESTOWN, Mass. — MassHousing has provided $31 million in financing for City Square Elderly Housing, a 120-unit affordable seniors housing complex in Charlestown, a northern suburb of Boston. The complex was originally constructed in 1900 and renovated in 1985. Units…
MASHPEE, Mass. — Bridges by EPOCH has appointed Edmund Tucker as executive director of Bridges by EPOCH at Mashpee, memory care and assisted living community in Mashpee, located on Cape Cod. Tucker has extensive leadership experience in hospitality and senior…
LOWELL, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 90-bed skilled nursing facility in Lowell, a northern suburb of Boston. Located within relatively close proximity to Lowell General Hospital, which accounts for approximately 1,300 skilled…
BOSTON — Blueprint Healthcare Real Estate Advisors has arranged the sale of Advocate Healthcare of East Boston, located across the harbor from downtown Boston. The 165-bed, five-story skilled nursing facility, originally constructed in 1952 and expanded in 1965, has been…
NORTHAMPTON, Mass. — Live Give Play and Spiritos Properties have announced plans for 79 King Street, an active adult community in Northampton, a suburb of Springfield. The property is located downtown on a walk/bike path and steps from Smith College.…
BOSTON — TD Bank has provided $22 million in construction financing to redevelop William Barton Rogers (WBR) Middle School in the Hyde Park neighborhood of Boston into 74 units of mixed-income seniors housing, with a focus on LGBTQ seniors. The…
SOUTHBRIDGE, Mass. — Arch Communities and WinnCompanies have completed a $25.7 million adaptive reuse project to transform a 106-year-old historic school building in Southbridge into apartments for seniors age 55 and older. The Residences at Wells School features 62 apartments,…
LEXINGTON, Mass. — EPOCH Senior Living and National Development have opened Bridges by EPOCH at Lexington, a memory care community in the Boston suburb of Lexington. The community is located next to the Belmont Country Club and features three residential…
BROCKTON, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Connemara Senior Living, an 86-unit independent living, assisted living and memory care community in the Boston suburb of Brockton. The community was built in 1990. Elevation Financial…
AUBURN, Mass. — Pennrose has opened Mary D. Stone Apartments, a 55-unit, mixed-income seniors housing community in Auburn, a suburb of Worcester. The project was the historic rehabilitation of a 1920s-era school building, including the demolition of later-built wings and…
HAVERHILL, Mass. — Benchmark Senior Living has named Nick Barash as executive director of Benchmark Senior Living at Haverhill Crossings, an assisted living and memory care community in Haverhill, located along the New Hampshire border north of Boston. Barash comes…
MASHPEE, Mass. — Greystone has provided a $24.8 million Freddie Mac Optigo loan for the refinancing of a 70-unit seniors housing property in Mashpee, a town on Cape Cod. Built in 2018, Laurentide at Mashpee Commons includes studio, one- and…
HANOVER, Mass. — Benchmark Senior Living has begun reserving apartments in preparation for Benchmark at Hanover, a 97-unit assisted living and memory care community in Hanover, approximately 23 miles south of Boston. The community is scheduled to open this summer.…
MASHPEE, Mass. — Greystone has provided a $24.8 million Freddie Mac Optigo loan to refinance a 70-unit senior housing property in Mashpee, a town on Cape Cod. Built in 2018, Laurentide at Mashpee Commons in Barnstable County includes studio, one-…