by Julia DiRubbo | Dec 2, 2021 4:06 pm | Financings
M&T Realty Capital’s Steven Muth led the refinancing of a 98-unit memory care community in Portland, Oregon. The $20 million HUD loan was non-recourse and featured a 35-year fully amortizing term with a fixed interest rate below 2.4%. The debt came in at around an... Read More »
by Julia DiRubbo | Dec 2, 2021 4:00 pm | Acquisitions
Edgemark Communities, the affordable housing division of Edgemark Development, has acquired the Residences at Franklin Park in Denver, Colorado. The Residences is a 92-unit affordable seniors housing project, and was purchased for $22 million, or $239,100 per unit, as... Read More »
by Julia DiRubbo | Nov 30, 2021 2:12 pm | Developments
Greystar is expanding its active adult presence in Illinois with the groundbreaking of Everleigh Vernon Hills, a new amenity-filled community in a northern Chicago suburb. Everleigh will offer one- and two-bedroom units, as well as two-bedroom apartments with a den... Read More »
by Julia DiRubbo | Nov 24, 2021 2:59 pm | Developments
We’ve been hearing all about increased interest in the active adult sector, and we’ve been seeing a lot of it too as many new communities have broken ground or opened their doors within the past month. In July, we reported on Trez Capital providing $48 million in... Read More »
by Julia DiRubbo | Nov 18, 2021 3:47 pm | Financings
VIUM Capital has provided financing for two transactions spanning seven total properties. The first deal involved the acquisition of a six-property portfolio consisting of five skilled nursing facilities and one assisted living community. The properties, all located... Read More »