Developer The Berry Companies hopes older adults are hungry for a new $100 million senior housing project geared toward active lifestyles it’s serving up in Mount Pleasant, South Carolina. The community, The Retreat at Carolina Park, is planned to have 130 cottages for sale, 234 active adult apartments for rent, 12 attached independent living rental […]
Senior Solutions Management Group
Yesterday’s buildings can be tomorrow’s senior housing, in the right hands. As land, labor and materials costs continue to rise, senior housing developers and operators across the country are looking for opportunities to repurpose vacant, obsolete buildings into senior living communities. This allows for speed to market while meeting future demand from seniors transitioning into […]
Capital One Provides Loans Totaling $551 Million to Kayne Anderson Bethesda, Maryland-based Capital One has provided two loans—a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility—to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Orlando-based Sentio Healthcare Properties, a public, non-traded real estate investment trust (REIT). […]
Construction: Planned Maplewood Senior Living to Grow Footprint in Connecticut Maplewood Senior Living has plans to inflate its presence in southern New England. The provider plans to break ground on a 34-unit expansion for its community in Darien, Connecticut, in late summer 2017. The expansion will increase Maplewood at Darien’s 66-unit community to 97 units. The interior […]
MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]
MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million. The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the […]
Construction: Planned Hiram College Trying to Build University-Based Retirement Community Hiram College, a private academic institution in Northeast Ohio, is trying to build a retirement community on 90 acres just north of campus but is facing some opposition, reports Ohio.com. Plans would include 200 to 225 rental units for those aged 55 and older. Residents […]
Construction: Planned The Tutera Group Plans $50 Million Kansas Retirement Community The Tutera Group, a diversified senior living and real estate investment company, is planning a $50 million senior living community on 18 acres near the former Mission Valley Middle School in Kansas City, Kans., reports The Kansas City Star. Mission Chateau would feature independent […]
Construction: Planned Hipster Senior Living Community? Pabst Planning Milwaukee Project Milwaukee Pabst Senior Housing LP, a New York City-based developer, is bringing back plans to build a senior housing community in two buildings in The Brewery in Milwaukee, according to The Business Journal. The plan for the development was first floated in the summer of 2011 […]
Construction: Planned CNL Healthcare Trust to Invest $21.5 Million Ga. Senior Housing Development Senior housing and care REIT CNL Healthcare Trust will invest $21.5 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga. about 30 miles northwest of Atlanta. The community will be a three-story building with […]
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