A popular senior housing finance program that was previously under fire will live another day—but lawmakers continue to discuss dismantling or reforming it. The EB-5 financing program has been extended exactly as is until September 30, 2016, but calls to reform the program with stricter regulations have remained. The provision to extend the program without […]
A Southern California-based development group has launched into senior housing, and it’s doing so with early success utilizing the EB-5 Immigrant Investor program under the U.S. Citizenship and Immigration Services. With three projects underway or in planning stages, Continental East Development (CED) has successfully raised more than $20 million in EB-5 capital and has plans […]
Construction: Planned Georgia Developers Partner on New Senior Living Project Canopy Lifestyles and Campus Realty Advisors have joined to announced their newest senior living community to be developed in Braselton, Ga., the companies announced this week. The residence will offer independent, assisted living and memory care services at a location that is adjacent to the […]
Health Care REIT Sells Fla. Nursing Home for $9.16 Million Toledo, Ohio-based Health Care REIT sold a nursing home in September to Sarasota SNF Real Estate Investors, LLC, a subsidiary of Life Care Centers of America, for $9.16 million, according to the Herald Tribune. The REIT purchased the land for the 64,000-square-foot building for $560,000 in […]
