Related Cos., Eliot Spitzer Propose Senior Living for Highrise Near Hudson Yards

Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]

PGIM Halfway to $750 Million Target with Newest Senior Housing Fund

PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]

Transactions & Financings: ORIX USA, Midcap Financial

Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]

In the Pipeline: Ryan Cos., LCS Start Work; Tukka’s Scandinavian-Style Project

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Affordable Assisted Living Community Planned in Indianapolis An affordable assisted living facility with 124 units […]

Transactions & Financings: Lancaster Pollard, Blueprint, CBRE

Lancaster Pollard Helps Secure Financing for Assisted Living Project Lancaster Pollard recently aided Gardant Management Solutions and Horve Builders in securing financing to build Heritage Woods of Noblesville, a planned 124-unit affordable assisted living community in Noblesville, Indiana. Lancaster Pollard obtained a $19.9 million loan insured by the FHA Sec. 232 program to fund the […]

Transactions & Financings: Charter Senior Living, Grandbridge Seniors Housing

KeyBank Originates Financing for Chicago Pacific Founders Acquisition KeyBank Real Estate Capital recently originated the $14.4 million Fannie Mae financing for Chicago Pacific Founders’ purchase of Parkrose Estates Retirement Community, a 100-unit senior housing community in Liverpool, New York. Charlie Shoop of Key’s Commercial Mortgage Group arranged the financing, which provided a low-cost, floating-rate loan with […]

Senior Housing Investments & Transactions: Blueprint, NHI

Blueprint Announces Senior Housing Deals in Massachusetts, Alabama Chicago-based advisory group Blueprint Health Care Real Estate Advisors recently announced the sale of a 100-unit assisted living and memory care community in Brockton, Massachusetts, called Heights Crossing Assisted Living Residence. Blueprint orchestrated an exclusive sales process on behalf of the seller, a regional owner-operator with a strong […]

Senior Housing Investments & Transactions: Réseau Sélection Expands, NHI Purchases in Oklahoma

Réseau Selection Expands Presence in Greater Montréal  Réseau Sélection has acquired three independent living communities in the Greater Montréal area, giving the company more than 40 residences in the region. Réseau acquired the three properties—Cherbourg I and Cherbourg II of the municipality Brossard and Le Graham in the Town of Mount Royal—from Prével Retraite and the Fonds immobilier de solidarité […]

Mather, Watermark Hammer Out Plans for New Highrise Senior Living

Aging baby boomers are attracted to urban centers, but meeting the demand for downtown senior living is not easy. Two operators, Mather LifeWays and Watermark Retirement Communities, are getting in on the action but taking different approaches to offering senior housing in the city. Evanston, Illinois-based Mather LifeWays is making its first foray on the […]