CHADDS FORD, Pa. — Cushman & Wakefield Senior Housing Capital Markets has raised equity and arranged $20.5 million in financing for the construction of The Residence at Chadds Ford, an 84-unit independent living, assisted living and memory care community in the Philadelphia suburb of Chadds Ford.
News
ANNAPOLIS, Md. — The occupancy rate for seniors housing properties averaged 88.8 percent in the fourth quarter of 2017, unchanged from the prior quarter and down 0.7 percentage points from year-earlier levels, according to the National Investment Center for Seniors Housing and Care (NIC).
Evergreen Real Estate Hires John Kennedy as VP of Operations, Promotes Mary Mauney to VP of Property Management
by Jeff Shaw
CHICAGO — Evergreen Real Estate Group, a Chicago-based developer of both affordable and market-rate multifamily properties, including communities for seniors and families, has added two employees to vice president positions. John Kennedy joined the company as executive vice president of operations, while existing employee Mary Mauney was promoted from regional supervisor to vice president of property management.
SWANSEA, Ill. — Southwestern Illinois Development Authority (SWIDA), Bywater Development Group and Bi-State Development have broken ground on Metro Landing of Swansea, a $10.9 million seniors housing community adjacent to the Swansea MetroLink Station in the St. Louis suburb of Swansea.