Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Seniors Housing

LoansMultifamilySeniors HousingSoutheastVirginia

HJ Sims Arranges $201.1M in Construction Financing for Seniors Housing Project in Norfolk

by Alex Tostado

NORFOLK, VA. — HJ Sims has arranged $201.1 million in financing for the construction of a new residential tower at Harbor’s Edge, a continuing care retirement community (CCRC) in Norfolk. The property was originally developed in 2002 in cooperation with the City of Norfolk as part of a master development plan called “Fort Norfolk Neighborhood.” HJ Sims has partnered with Harbor’s Edge since the early 2000s, structuring, placing and underwriting the initial seed capital transaction, first phase of development financing, a refinancing in 2014 that contained predevelopment capital for the River Tower Phase II construction and the development financing for the River Tower. HJ Sims coordinated with two commercial banks, including SunTrust Bank and TD Bank, with the former providing $65 million in financing.

Continue Reading
FacebookTwitterLinkedinEmail
Raincross-Riverside-CA
CaliforniaLoansMultifamilySeniors HousingWestern

SunTrust Provides $69.5M Acquisition Financing for Seniors Housing Portfolio in California

by Amy Works

WHITTIER, RIVERSIDE AND EMERYVILLE, CALIF. — SunTrust Banks Inc. (NYSE: STI) has provided $69.5 million in financing to support Watermark Retirement Communities and Kayne Anderson’s acquisition of three senior living communities in California. Two of the communities, Whittier Place at 12315 Burgess Ave. in Whittier and Raincross at Riverside at 5232 Central Ave. in Riverside, are Class A properties located near Los Angeles. Both of the communities provide assisted living and memory care services. The third, The Watermark by the Bay at 1140 40th St. in Emeryville, formerly known as Bayside Park, provides assisted living and memory care services for residents in Emeryville, Oakland and Berkeley. Watermark currently manages 63 communities in 21 states including seven under development/redevelopment. Kayne Anderson Capital Advisors, founded in 1984, is an alternative investment management firm focused on niche investing in upstream oil and gas companies; energy and infrastructure; specialized real estate; growth equity; and both private credit and diversified liquid credit. Kayne Anderson manages $30 billion in assets.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaMultifamilySeniors Housing

Opus Finishes Development of its First Senior Living Community in Twin Cities

by Kristin Harlow

MINNETONKA, MINN. — The Opus Group has completed its first senior living community in the Twin Cities known as Orchards of Minnetonka. The 147-unit development offers independent living, assisted living and memory care. Amenities include a salon, chapel space, clubroom, community room and two dining areas. Outdoor areas include a putting green, gardening beds and orchard. Ebenezer Management will operate the property. Sperides Reiners Architects and Consilium Home made up the project team.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMaineMultifamilyNortheastSeniors Housing

Hunt Capital Provides $2.1M Tax Credit Financing for Affordable Housing Project in Maine

by Taylor Williams

INDIAN ISLAND, MAINE— Hunt Capital Partners has provided $2.1 million in federal low-income housing tax credit (LIHTC) equity financing for the construction of Penobscot Elder Homes. The community will be located on Indian Island within the Penobscot Nation Reservation, approximately 12 miles northeast of Bangor. The development will provide 24 affordable housing apartments for seniors. Penobscot Elder Homes is Hunt Capital Partners’ 11th LIHTC investment in Indian Country and Penobscot Nation’s first LIHTC development. All units will be restricted to households that earn up to 50 and 60 percent of the area median income. The two-story development will also include a lobby with a common area as well as a community kitchen, community room and laundry rooms.

Continue Reading
FacebookTwitterLinkedinEmail
FeaturesMultifamilySeniors Housing

Real Capital Markets: Seniors Housing Investment Outlook Strong Despite Slowdown in Sales, Construction

by Jeff Shaw

CARLSBAD, Calif. — Seniors housing investment and construction in the United States slowed in the first part of 2019, but investors are confident in the long-term outlook for this sector, according to a “Senior Housing Snapshot” report by Real Capital Markets (RCM). Following several years of robust sales and construction activity, the seniors housing market is redefining itself, adjusting to shifts in investor activity and a focus by many investors on a long-term horizon, the report concludes. RCM’s national report incorporates the sentiments of investors across the country and national statistics on investment activity from Real Capital Analytics (RCA), as well as construction and occupancy statistics from the National Investment Center for Seniors Housing & Care (NIC). Based in Carlsbad, RCM is a marketplace for selling commercial real estate properties. U.S. investment sales in seniors housing totaled $2.8 billion in the first two months of 2019, down from $3 billion in the same time period in 2018. This follows $15.2 billion in sales for all of 2018. According to U.S. investors, developers and real estate brokers surveyed and interviewed for the report, 66 percent believe that activity levels in 2019 will be comparable to the total sales for 2018. “Perspective …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilySeniors HousingSouth CarolinaSoutheast

Cardinal Ventures, Blake Management to Develop 88,000 SF Seniors Housing Community in Greenville

by Alex Tostado

GREENVILLE, S.C. — A partnership between Cardinal Ventures LLC and Blake Management Group will develop an 88,000-square-foot seniors housing community in Greenville. The property will offer assisted living units in studio, one- and two-bedroom formats and memory care units in studio and one-bedroom floor plans. Construction is scheduled to be complete by spring 2020.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySeniors HousingTexas

Blueprint Arranges $282.5M Sale of Skilled Nursing Portfolio in Texas, Louisiana

by Taylor Williams

TEXAS AND LOUISIANA — Blueprint Healthcare Real Estate Advisors has arranged the $282.5 million sale of 28 skilled nursing facilities in Texas and Louisiana. Blueprint represented the buyer, a joint venture between BlueMountain Capital Management, BM Eagle Holdings and Capital Funding Group. The seller was Sabra Health Care REIT Inc. Blueprint collaborated with the joint venture to find local operating partners and tenants for the portfolio of assets. Further details on the names and locations of the properties were not disclosed. KeyBank Real Estate Capital arranged acquisition financing for the deal.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Tapestry Senior Living to Open 224-Unit Community Near Pittsburgh

by Taylor Williams

CORAOPOLIS, PA. — Tapestry Senior Living will open Tapestry Moon Township, a 224-unit community that will be located in Coraopolis, about 12 miles northwest of Pittsburgh. The community will offer 93 memory care units and 131 assisted living units. A timeline for the opening was not provided, but the company has announced that the property is currently accepting deposits.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilySeniors HousingTexas

ITEX Group Acquires Land for $11.8M Seniors Housing Project in Lufkin, Texas

by Taylor Williams

LUFKIN, TEXAS — The ITEX Group, a Houston-based development and investment firm, has acquired land in Lufkin, located about 120 miles northeast of Houston, for the development of a 76-unit seniors housing project. The project, which will be branded Providence at Ted Trout, is valued at $11.8 million and is expected to be complete by year’s end. The property will be comprised of 48 one-bedroom units and 28 two-bedroom residences for seniors aged 55 and older.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamilySeniors Housing

Tutera Nears Completion of $55M Senior Living Community in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Tutera Senior Living & Health Care is nearing completion of the $55 million Tiffany Springs senior living community in Kansas City. Tutera expects the 172 independent living units to be available in June, followed by 89 memory care and assisted living units in July. Community amenities at the 289,000-square-foot property include a spa, pool, outdoor courtyard, yoga studio, art studio, theater room, chapel, dog wash, concierge services and multiple dining venues. The new community will be connected via a breezeway to a rehabilitation and healthcare center that will offer short-term rehabilitation services and extended stays. Nearing Staats Prelogar & Jones Architects, BHC Rhodes and Luke Draily Construction Co. make up the project team.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts