A growing number of multifamily real estate developers are entering the senior housing space, encouraged by demographic trends showing an explosion in the 85-plus generation over the coming decades. Among the latest is Woodmont Properties. The Fairfield, New Jersey-based firm recently launched a senior housing division and tapped industry veteran Stephen Nichols to lead it. […]
Wegman Companies
Construction: Planned Mainstreet to Develop $15.7 Million Senior Care Center in Indiana Cicero, Ind.-based developer Mainstreet Property Group LLC has plans to develop a $15.7 million senior healthcare center on the east side of Indianapolis after gaining approval from the city’s Metropolitan Development Commission to purchase the property for $912,500, reports the Indianapolis Business Journal. Mainstreet […]
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