SENIOR-LIVING COMMUNITY PLANNED

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PASADENA, CALIF. — Hudson Oaks LP, dba Abode Communities, has purchased a 33,670-square-foot apartment building, which is located at 1267 N. Hudson Ave. in Pasadena. The non-profit developer plans to convert the former 46-unit apartment property into low-cost senior housing. Robert Dixon of NAI Capital represented Abode Communities; Lee Ho of NAI Capital represented the seller, Quid Pro Quo, in the transaction, which was valued at $4.5 million. Construction is slated to begin in July.

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