News
Sienna Acquires Oshawa Seniors Residence for $59.4M
Sienna Senior Living has acquired a 129-suite retirement home in Oshawa for $59.4 million. The property, known as The Bartlett, is an independent-living residence. Sienna paid approximately $461,000 per suite, with an initial investment yield of about 5.75%, said the company. Built in 2021, the residence is roughly 96% occupied and includes amenities as well...
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Habitat JV to Redevelop Former Solo Cup Site in Highland Park as Townhomes
Chicago-based Habitat announced a joint venture with M/I Homes of Chicago to develop The Bowery of Highland Park, a community of 227 townhomes on the former Solo Cup Company site in Highland Park, Illinois. The firms are scheduled to close on the property at 1700 Old Deerfield Road this spring and begin construction in the second...
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Tax-Exempt Bond Helps Finance New Seniors Housing in Lynn
MassDevelopment has issued a $29-million tax-exempt bond on behalf of 2Life Solimine 4% LLC, an affiliate of 2Life Communities Inc., which is developing 150 new units of seniors housing at 500 Lynnfield St. in Lynn. The bond supports construction of 105 of the project’s 150 total housing units and was purchased by Citizens Bank. In...
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Ziegler Closes on $102M Bonds for Saratoga Senior Living Expansion
Ziegler, an investment bank specializing in not-for-profit senior living providers, has closed on Odd Fellows Home of California’s $101,745,000 Series 2026AB Bonds through the California Statewide Communities Development Authority. The borrower operates two senior living communities, one in Saratoga and the other in Napa. Odd Fellows Home of California has been operating its original senior...
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Leggat McCall JV Closes on Financing for Second Building in Bunker Hill Revamp
The Boston Housing Authority (BHA) and a joint venture of Leggat McCall Properties and Joseph J. Corcoran Company have closed on financing for the construction of Building F, the Bunker Hill Housing Redevelopment’s second apartment building, a nine-story, mixed-income development of 208 market-rate and 58 affordable units located in Boston’s historic Charlestown neighborhood. The City...
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Carmel Partners Closes Ninth Multifamily Fund at $1.35B
San Francisco-based Carmel Partners said Tuesday it had reached final close on Carmel Partners Investment Fund 9, its U.S. multifamily real estate value creation fund. Fund 9 closed at $1.35 billion and has already acquired nine operating assets. Investors in Fund 9 include U.S. and international pension funds, endowments, foundations, select family offices and high-net-worth managers....
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Boardwalk Sells Three Apartment Properties in Quebec City
Boardwalk REIT has sold three apartment communities in Quebec City for a combined $97 million. The properties—Place Charlesbourg, Place Chamonix and Place Samuel de Champlain—comprise 484 suites and were sold at approximately $200,000 per unit as part of the trust’s ongoing capital recycling program. The trust also completed the sale of Valley Ridge Tower in...
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Rockport Mortgage Closes $37M Refinancing for DC Seniors Housing Property
Rockport Mortgage Corporation has closed a $37.2 million HUD Section 223(f) refinance loan for Samuel Kelsey Apartments, a 150-unit affordable seniors housing community in Washington, D.C. Loan proceeds will be used to retire existing debt and fund a series of property renovations andimprovements designed to enhance residents’ quality of life. Originally constructed in 1923 and...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout