Love Funding Secures HUD Construction Financing For New Jersey Projects

Love Funding arranged financing for the construction of two new senior apartment buildings in Paterson, New Jersey. Love’s Leonard Lucas (say that five times fast) secured the HUD loans which totaled $55.6 million and came with low rates for the duration of construction and for a subsequent 40-year term. One location will feature 81 units […]

Lancaster Pollard Finances New Transitional Care Facility

Lancaster Pollard recently helped Innovative Health secure construction financing for their to-be-built skilled nursing facility in Aurora, Illinois. The transitional care facility will operate under the THRIVE brand and focus on short-term rehabilitation. It is being built with 68 beds in 60 units and 50,582 total square feet on a 4.25-acre site. According to public […]

Confluent Senior Living Sells, and Grows

Confluent Senior Living announced the sale of three of its senior living communities in Iowa, Oregon and New Mexico, hiring CBRE to close the deal. All three communities were, and will continue to be, operated by MorningStar Senior Living. The West Des Moines, Iowa property opened in March 2018 with 85 assisted living and memory […]

HJ Sims Secures Bond Financing for Tennessee CCRC

A new life plan community (or continuing care retirement community, as we still call them) is going up in Collierville, Tennessee (Memphis MSA) thanks to a large $219.25 million bond placement arranged by HJ Sims. Situated on 36 acres with 176 independent living apartments, 63 independent living garden homes, 52 assisted living units, 32 memory […]

Long Island 55+ Developer Gets Equity Investment

A brand-new age-restricted town home community is going up in the Long Island hamlet of Mount Sinai, thanks in part to $18 million of joint venture equity secured by Evan Pariser, Rob Hinckley, Nicco Lupo and Sophie Cohen of JLL Capital Markets. Sculptor Capital Management Inc., formerly known as Och-Ziff Capital Management Group, provided the […]

Green Brick Partners Adds Atlanta-Area Age-Restricted Community

Age-restricted (or active adult or 55+) housing has been a popular investment target in the last couple of years, and Green Brick Partners, Inc., a residential land developer, is making a huge investment in a community to be built in the Atlanta, Georgia MSA. The company, though its subsidiary The Providence Group of Georgia, purchased […]