NEW YORK CITY — Bridge Investment Group Partners and its subsidiary ROC Seniors Housing Fund Manager have announced a new initiative to invest more than $2 billion in independent living, assisted living and memory care assets in the United States.
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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.