JLL has completed the sale of Hayden Grove Bloomington, a 166-unit seniors housing community in Bloomington, Minnesota.
Working on behalf of the seller, Verdot Capital, JLL’s Seniors Housing Capital Markets team arranged the sale to an undisclosed buyer. The operator, Great Lakes Management, will stay in place to manage the community. Delivered in 2021, Hayden Grove Bloomington is a four-story building offering a continuum of care from independent living to assisted living to memory care.
Hayden Grove Bloomington is located at 8715 Portland Ave S., the community is close to the Minneapolis-St. Paul International Airport and nearby healthcare services. The Bloomington area is home to more than 457,000 residents, with 88,000 of those over the age of 65, and a projected growth rate of almost 20% for the 75 and over population over the next five years.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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