by Zach Alexander | Feb 15, 2023 9:42 am | Developments, Financings
Northmarq’s debt and equity team of Keith Wells, Hunter Wood, Reina Abboud and Mike Lowry arranged a $38.1 million loan for the construction of Lake Forest at Swift Creek in Midlothian, approximately 15 miles west of Richmond. Set on 11.7 acres, the active adult... Read More »
by Zach Alexander | Feb 15, 2023 9:37 am | Acquisitions
Chicago Pacific Founders announced the acquisition of two assisted living communities in the state of Georgia. Built in 2017, Celebration Village Acworth comprises 226 units, which consist of 144 independent living, 55 assisted living and 31 memory care units. The... Read More »
by Zach Alexander | Feb 13, 2023 9:12 am | Acquisitions
Newmark’s Seniors Housing Team announced it has arranged two transactions in the states of Illinois and Oklahoma. First was the sale of Avenida Naperville in Naperville, Illinois. Built in 2002, this active adult community comprises 146 units and was 98%... Read More »
by Zach Alexander | Feb 10, 2023 10:14 am | Acquisitions
Blaze Capital Partners continues to expand its presence with another active adult addition to its growing portfolio. Built in 2020, Sage Stone Oak comprises 150 units in San Antonio, Texas. One- and two-bedroom unit options range in size from 829 to 1,172 square feet.... Read More »
by Zach Alexander | Feb 10, 2023 10:12 am | Acquisitions
Affordable Housing Investment Brokerage Inc. announced the sale of an affordable seniors housing community in Rockford, Illinois. Built in 1979, Valkommen Plaza comprises 171 units and stands nine stories tall just south of the Wisconsin border. The property has... Read More »