Property Types Seniors Housing
Avalon Church and Community Center to Open in Orlando
May 1, 2008

Avalon Church and community center, a nondenominational community church in Avalon Park in east Orlando, will open its church and community center facility in downtown Avalon Park in July. Beat Kahli, who heads Avalon Park Group, said at the same time plans are underway to develop a 200 unit, 200,000 square foot assisted senior living facility northwest of the town center in downtown Avalon Park. Construction is slated to start before the end of the year.

 
Recent Seniors Housing Headlines
Inland Takes $100M Interest in Wakefield 
Seeking capital to pursue healthcare real estate opportunities, NorthStar Realty Finance Corp. said today its healthcare real estate venture, Wakefield Capital L.L.C., sold $100 million in convertible preferred equity interest to Inland American Real Estate Trust Inc.
Fannie Mae Bolsters M-F Investment
Fannie Mae will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market, the company said today. The firm invested $20 billion in multifamily housing in the first half of 2008.
American Land Announces Review of Strategic Alternatives
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
Grubb & Ellis Healthcare REIT Takes 8 Properties
Grubb & Ellis Healthcare REIT Inc. has acquired eight properties in three separate deals.
Pair of Senior Housing Deals Total $122M
Senior citizens naturally tend to slow down, but two new deals are further evidence that the senior housing sector is as active as ever.