Jonathan Rose Co. and Jamboree Housing have acquired Belage Manor, a 180-unit affordable senior housing complex in Anaheim, California for the purchase price of $41 million, or $227,000 per unit. This marks the 12th deal to close under the Rose Affordable Housing Preservation Fund V. California-based nonprofit Jamboree Housing along with the fund will invest $9 million in renovations to make significant improvements to the complex. Capital One Healthcare provided a $28 million Fannie Mae first mortgage loan as part of the GSE’s Enhanced Resident Services program.
