Over the hill: Can senior housing surmount the challenges of a COVID-19 reality?
Just last year, the senior housing sector was a surging asset class, with new developments popping up all over the map in hopes of capturing…
Seniors Housing
Pioneering affordable senior housing community breaks ground in Evanston
Evergreen Real Estate Group, along with Council for Jewish Elderly (doing business as CJE SeniorLife), announced the start of construction on Evanston Senior Housing, a…
Associated Bank closes $29 million loan for senior living community in Minnesota
Associated Bank closed a $29 million construction loan to United Properties for the development of a 133-unit senior living community in Bloomington, Minnesota. The project…
KeyBank provides $2 million in financing for affordable seniors housing in Ohio
KeyBank Community Development Lending and Investment (CDLI) secured $2 million of financing for Columbus, Ohio-based National Church Residence, the nation’s largest not-for-profit provider of affordable…
SLIB closes sale of seniors housing facility in Kentucky
SLIB facilitated the sale of the Sterling Meadows assisted-living facility in Mt. Sterling, Kentucky. The facility offers an attractive physical plant while providing the buyer…
Colliers Mortgage closes $5.9 million refinance loan for seniors housing development in Minnesota
The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed a $5.9 million HUD 223(a)(7) loan for the refinancing of Fairway Ridge Cooperative,…
Atria Senior Living opens community in Highland Park
Atria Senior Living has grown its Chicago presence with the opening of Atria Highland Park. The three-story, more than 72,000-square-foot community features 86 apartments, 64…
United Properties starts construction on 133-unit independent-living facility in Bloomington
United Properties has broken ground on ThePOINTE Bloomington, a 55-plus independent living rental community at 5601 American Blvd. W. in Bloomington, Minnesota. ThePOINTE Bloomington will…
Henry Bros. Co. breaks ground on 55+ community in Mount Prospect
Henry Bros. Co. (HBCo) has broken ground at The Kensington Senior Residences at Randhurst. Construction is well underway on this three-story, 68,700-square-foot development in Mount…
Tutera’s seniors housing community in Kansas City earns top business honor
Tutera’s Tiffany Springs Senior Living Community, a $55 million luxury senior living community in North Kansas City, Missouri, is among 30 construction projects selected from…