An embattled senior living developer has notched a legal victory in a lawsuit involving the EB-5 program for foreign investors. Last June, the SEC filed a lawsuit against Taher Kameli and development groups he created, including Bright Oaks Group, alleging that they had mishandled and/or misused tens of millions of dollars raised from hundreds of […]
Bright Oaks Group
A development group with plans for a $500 million senior housing pipeline now is embroiled in a lawsuit with the Securities and Exchange Commission (SEC), which is alleging that the developer misused tens of millions of dollars raised through the EB-5 program. Between 2009 and 2016, defendant Taher Kameli raised about $88.7 million from at […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: Developer Takes Alternative Approach to $500 Million Senior Living Pipeline Chicago-based Bright Oaks Group already has $200 million of new construction under development, but is planning to kick it up a notch to $500 million worth of […]
A senior housing developer with already $200 million of new construction under development plans to kick that investment up a notch to the tune of $500 million worth of new projects in the pipeline. That is the plan for Chicago-based Bright Oaks Group, which currently has four assisted living and memory care projects in the […]
Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place […]
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