CWCapital, LLC, recently announced that it has provided $23.2 million in financing for the construction of a 100-unit Assisted Living facility in Gig Harbor, Washington. The Lodge at Mallard’s Landing is the first construction loan to be closed using the FHA’s LEAN processing program. LEAN, introduced in June 2008, is now fully implemented across all […]
Category: Development
Wyndham Homes, a developer of residential communities in Westchester County, New York and New Haven County, Connecticut, was selected by the Home Builders Association of CT to receive a top HOBI award, Best 55+ Community, for Chatfield Farms. Each year, the prestigious HOBI Awards program recognizes outstanding construction technology, innovation, and sales success in the […]
High Acres at Seneca Lake recently received approval for its Offering Plan from New York State to develop a new senior living retirement community in Geneva, New York. Construction of High Acres,sponsored by FLH Senior Communities, Inc., a member of Finger Lakes Health, is scheduled to begin early next year. High Acres plans to offer […]
Members of the the Fayetteville Public Housing Authority recently voted to apply for a $262,000 grant from a federal Affordable Housing Pogram (AHP) for the installation of solar power technology for the proposed $1.6 million, 24-unit assisted-living center according to the Northwest Arkansas Times. The project would be the region’s first solar-powered, senior housing project […]
Capital Senior Living, NYSE:CSU, announced its results for the fourth quarter of 2008 and its full year results that showed an increase in year over year revenues by 2% and a small decrease in net income between 2007 and 2008. Some of the expenses incurred that led to lower profitability were the result of discontinuation […]
As consumers complain about the government bailing out wall street, is “bail out nation” heading towards the senior housing market. An interesting article in the San Jose Mercury News entitled, San Jose developers want $603K for project that won’t likely start until 2013, discusses a request from a pair of senior housing developers for funds […]
The McGregor Foundation is sponsoring an upcoming design charette April 16-19 in Clevland, Ohio with the goal of increasing opportunities for innovative affordable senior housing within three neighborhoods surrounding Cleveland’s University Circle. The Greater Circle Seniors competition will provide four sites that have specific strengths and weaknesses that design teams will need to address. Final […]
Christian Living Communities (CLC), which operates three senior-living centers in Denver, announced last week that it successfully issued $30 million in bonds to help finance redevelopment of its Clermont Park community. Stifel, Nicolaus & Co. Inc. and Ziegler Capital Markets sold $30 million in Series 2009 bonds for CLC and individual investors reportedly purchased about […]
As the economic data continues to paint a bleak picture, the the National Investment Center for the Seniors Housing & Care Industry (NIC) released its third quarter 2008 data which tracks loan performance and capitalization rates in seniors housing and care appears to be weakening. According to NIC, loan volume in the third quarter of […]
The Cypress of Raleigh has continued to show strong appeal to seniors across North Carolina since its opening in the fall of 2008 by closing on 158 homes valued at more than $90 million. The 48-acre continuing care retirement community (CCRC) has another dozen homes under contract and is continuing to see tremendous interest from […]
Subscribe
Receive industry updates and breaking news from SHN