A few weeks ago, Nauset Construction and Radius HealthCare announce that the $5.4M Brookside at Regency Assisted Living Facility project located in Centerville, Massachusetts is nearing completion. The 3 story, 29 unit assisted living community Radius’s first assisted living facility in its portfolio of healthcare communities located throughout Massachusetts and Rhode Island. Brookside at Regency […]
Category: Development
MassDevelopment announced last week the closing of a low-cost financing package for an affordable senior housing construction and preservation project. The Somerville Housing Authority will use the proceeds from a $14 million tax-exempt bond to demolish an outdated 64-unit apartment complex for the seniors and the disabled, and construct a new 95-unit affordable housing facility […]
Equity Lifestyle Properties, Inc. (NYSE:MHC), a real-estate investment trust focusing on resort communities for ages 55+, announced its 4th quarter results that were down from last year due to rising expenses and fewer sales of homes in their communities. Approximately seventy percent of Equity Lifestyle’s residents are 55+ and nearly two-thirds of its communities are […]
Emeritus Senior Living, a Seattle based operator of senior living communities announced last week that it had acquired Southerland Place located in Tampa, FL. The Southerland Place will be re-branded under the new name Emeritus at Northdale. “Emeritus at Northdale is a wonderful addition to the Emeritus family,” says President and Co-CEO, Granger Cobb. “We […]
WinnCompanies, a Boston-Based developer of senior housing and affordable housing, recently announced completion of solar power installations at seven locations in the New England area. The installations are on on two projects in the region, one of which is a 75 unit senior housing facility in New Bedford that has a mixture of one and […]
Last week the National Association of Home Builders (NAHB) released a new segment of its Housing Market Index (HMI) that tracks the confidence levels of builders that serve buyers of homes that are 55 years or older. The HMI has been used for over 20 years to gauge builder perceptions in the single-family home market […]
The Atlantic Seniors Housing Research Alliance recently announced its Affordable Seniors’ Housing Ideas Design Competition in conjunction with its ASHRA Seniors Housing Needs Conference scheduled for May 2009 in Halifax, Nova Scotia. The competition is designed to study the housing needs of aging Atlantic Canadians over the next 20 years and what kinds of housing […]
The Charlotte Observer and the St. Louis Business journal are both reporting that Erickson Retirement Communities has confirmed that it is delaying two projects in those respective areas due to the inability to obtain construction financing. Both projects are likely to be restarted once credit starts flowing into the construction markets again according to the […]
Last week, Sunwest Management announced that it has sold 45 senior living communities currently managed by Sunwest to a large, un-disclosed private equity investor. . The buyer has contracted with La Vida Communities, part of the Senior Resource Group family of companies, to manage the properties once ownership and license transfers are complete. The sale […]
Last week the Florida state legislature made budget cuts that will curtail a variety of senior and affordable housing projects across the state and lawmakers there deal with a $2.4 billion budget deficit. Legislators moved to remove $190 million from the state’s affordable housing trust fund and they warned that more cuts maybe coming later […]
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