ANNAPOLIS, Md. — The occupancy rate for seniors housing properties in the third quarter held steady, even as asking rents increased, according to the National Investment Center for Seniors Housing and Care (NIC), the industry’s main data tracking agency.
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HILO, Hawaii — Alden Capital Partners has financed the rehabilitation of Kamana Elderly Apartments, a 62-unit affordable housing development for seniors in Hilo. Alden was awarded $5.2 million in federal low-income housing tax credits and $2.6 million in Hawaii state low-income housing tax credits from Hawaii Housing Finance and Development Corp.
MURFREESBORO, Tenn., and OLATHE, Kan. — National Health Investors Inc. (NYSE: NHI) has signed an agreement with its joint venture partner Bickford Senior Living to convert all of the partnership’s 32 seniors housing leases from a RIDEA structure to triple net.
KANKAKEE, Ill. — Marcus & Millichap has arranged the sale of River Valley Supportive Living Residence, an 80-unit supportive living facility in Kankakee, approximately 60 miles south of Chicago. Supportive living is a program in Illinois that allows government reimbursement for assisted living-style services.