CRL Plans for Continued Expansion into Chicago Senior Housing Market

CRL Senior Living Communities recently completed the construction of its second Illinois location, and plans to continue its expansion into the Chicago area, reports REJournals.com. The company’s CEO, Ari Weinberger, is the majority shareholder along with chairman Douglas Cameron, and the duo is looking toward senior housing acquisitions rather than construction when it comes to […]

Assisted Living Facilities Need to Consider Male Population

Men are generally considered “tough customers,” and it’s a hard sell to get them into assisted living facilities, especially as those facilities are often female-oriented, says a recent Washington Post article. Facilities need to find ways to cater to a wider variety of people, including males, if they want to attract more residents. “We need […]

FNMA Fills Assisted Living Financing Need, Acts as Bridge to HUD 232

Senior housing operators looking for quick funding as well as long-term financing have a new option from Fannie Mae. The FNMA ARM 7/6 is a 1-month LIBOR-based product that allows for acquisitions or refinances and comes with attractive features for borrowers looking for flexibility. “This new Fannie Mae option lets assisted living providers get a […]

Sale of $40 Million New England Portfolio Closed by Marcus & Millichap

Marcus & Millichap Real Estate Investment Services recently arranged the sale of a $40 million portfolio consisting of two New England assisted living care facilities. The first property, Village at Fillmore Pond in Bennington, Vt., sold for $20.9 million, and has 101 units consisting of 30 independent-living units units, 45 assisted-living units, 12 memory-care units and […]