Property Types Seniors Housing
Garden Homes Breaks Ground in Kalamazoo
April 29, 2008

Friendship Village of Kalamazoo celebrated the grand opening of its Garden Homes, a senior housing development in Kalamazoo, Mich. The community offers professional housekeeping, maintenance, groundskeeping and 24-hour security staff.

 
Recent Seniors Housing Headlines
Hospitality Design Group Enters Luxury Senior Living Market with 410-Unit Resort-Style Project
Los Angeles-based Cheryl Rowley Design, a 20-year-old hospitality design group, is venturing into the luxury senior living market, with Maravilla, a 410-unit resort-style senior living facility in Scottsdale, Ariz.
Emeritus Nets $163M in Loans for Seniors Housing Buy
KeyBank Real Estate Capital has secured $163 million in loans to finance the purchase of 19 senior housing properties nationwide. The package will finance Emeritus Senior Living’s purchase of the 19 properties, which range in individual price from $2.9 million to $14.7 million. Upon the completion of the purchases, Emeritus will serve as proprietor of the sites, which are located natonwide.
Emeritus Nabs 5 Assisted Living Communities
Seattle-based Emeritus Corp. has agreed to purchase five assisted living communities, all currently leased to the company, for $62.5 million, plus estimated closing costs of $2.8 million. Located in Ohio, Florida, California and Michigan, the five communities comprise 432 units.
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.