A continuing care retirement community in suburban Chicago filed for Chapter 11 bankruptcy protection last week, after defaulting on a portion of its $141 million in debt. Park Place of Elmhurst in Elmhurst, Illinois defaulted on nearly $15.5 million in bond debt issued by the Illinois Finance Authority in 2016, a document filed in the […]
Providence Life Services
(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]
(Metro @ Compton – An affordable senior housing community in Compton, Calif.) Construction: Planned Living Care Lifestyles Plans Seattle Memory Care Community Seattle-based Living Care Lifestyles plans to break ground next spring on a new free-standing memory care community in West Seattle, which it says will be the only dedicated memory care community in the […]
Construction: Planned Smith/Packett to Bring $28 Million Project to South Carolina Senior housing developer Smith/Packett is believed to have a $28 million community planned for North Charleston, S.C., local The Summerville Journal Scene reports. The Crossings at Wescott Plantation will be a 182-unit community providing housing options for independent, assisted living and memory care. Project team […]
Construction: Planned Developers Plan $10 Million Senior Housing Project for Kokomo, Ind. The NRP Group LLC, a Cleveland, Ohio-based developer, this month announced plans to pursue a $10.2 million senior housing project in Kokomo, Ind., reports local Kokomo Tribune. NRP will submit a proposal to the Indiana Housing & Community Development Authority for housing tax […]
Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of […]
Construction: Planned AFL-CIO to Invest $10 Million Toward an Ohio Affordable Senior Housing Project The AFL-CIO Housing Investment Trust (HIT) is investing $10 million into a $14 million rehabilitation project for the Mayfield Manor Apartments, a senior housing complex in Canton, Ohio. The complex will keep 144 units affordable for current residents for 20 more […]
Former Massachusetts Ski Area Slated for Senior Housing Development Maryland-based firm The Shelter Group is planning a 133-unit senior living community at the base of an old North Andover ski area that hasn’t seen much use for more than 20 years, reports Boston.com. Located at the old Boston Hill Ski Area at 1275 Turnpike St., […]
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