by Zach Alexander | Oct 20, 2022 4:40 pm | Acquisitions
Asland Capital Partners, Fairstead, iimpact Capital, and Nuveen Real Estate partnered together on the acquisition of Woodbridge Manor, an affordable 165-unit senior apartment community in Irvine, California. Built from 1981 to 2003 with a substantial renovation in... Read More »
by Zach Alexander | Oct 20, 2022 4:37 pm | Acquisitions
Blueprint Healthcare Real Estate Advisors announced the sale of an independent living community in Indianapolis, Indiana. A publicly traded REIT engaged Blueprint to sell the 148-unit community, which was built in 1985 and renovated in the 1990s. Operations were... Read More »
by Zach Alexander | Oct 20, 2022 4:35 pm | Acquisitions
Jack Osteen of Sherman & Roylance closed his first senior care transaction in the state of South Carolina, selling a rural assisted living community on behalf of a single-asset owner exiting the business. Originally built in 1955 and receiving some substantial... Read More »
by Zach Alexander | Oct 20, 2022 4:32 pm | Financings
The golden age of HUD LEAN lending is over, for now, as transaction and dollar volume in the agency’s fiscal year 2022 fell by 32% and 35%, respectively, from their FY2021 firm commitments. FY2021 was the peak, with $4.88 billion in firm commitments across 426... Read More »
by Zach Alexander | Oct 18, 2022 4:43 pm | Developments, Uncategorized
A new independent living community, Avery Point by Erickson Senior Living, is set to open after two years of construction. Erickson Senior Living developed the community and will operate it going forward. Eventually, the IL portion will be part of a massive 1,400-unit... Read More »