by Steve Monroe | Jan 31, 2019 3:06 pm | Financings
An affordable assisted living community is going up in Mishawaka, Indiana, thanks in large part to a tax-exempt bond issue managed by Cain Brothers. Developed at a cost of approximately $28 million, or $205,900 per unit, the community will feature 55 studios and 81... Read More »
by Steve Monroe | Jan 30, 2019 7:02 am | 60 Seconds, Opinion
Offering free meals to federal workers without a paycheck is the way to go. For all of you who have descended on Los Angeles for the annual ASHA meeting this week, please thank Wayne Kaplan of Premier Senior Living for their generosity, and smarts. At the company’s 23... Read More »
by Steve Monroe | Jan 30, 2019 7:01 am | Financings
Fannie Mae and Freddie Mac came out with their 2018 multifamily loan production rankings, showing more than $143 billion in volume was closed across the two agencies. Compared with last year, that resulted in a 3% decrease for Fannie Mae but a 7% increase for Freddie... Read More »
by Steve Monroe | Jan 30, 2019 7:00 am | Acquisitions
HFF used all of their Southeast expertise to sell an assisted living portfolio located in Georgia (3), Florida and South Carolina. The communities were previously owned by Principal Senior Living Group (PSLG) and operated under the Benton House brand. They were built... Read More »
by Steve Monroe | Jan 29, 2019 2:30 pm | Developments
Always one to develop in affluent, high barrier-to-entry markets, Capitol Seniors Housing is expanding its presence in the New York City metro area with a brand-new assisted living/memory care community in Clarkstown, New York. Situated in the affluent community of... Read More »