Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
WinnCompanies Begins $51 Million Renovation of Worcester Boys Club into Affordable Senior Housing
The transformation of the historic Worcester Boys Club into 80 senior housing apartments in Worcester, Massachusetts, has already started, as announced by WinnCompanies last week. The $51 million project will renovate the 94-year-old building to create 16 affordable...
Berkadia Closes $92.71 Million in Financing for Senior Housing Communities Across Four States
Additional funding will go towards nine senior housing across Montana, Oregon, Arizona, and Florida, as Berkadia recently announced the successful closing of $92.71 financing for these communities. Spearheaded by Managing Directors Steve Muth and Ed Williams, the...
Marin County, CA Approves $33 Million Bond Financing for Acquisition and Renovation of Senior Housing Complex
$33 million in bond financing has been approved by the Marin County supervisors for the acquisition and rehabilitation of the Parnow Friendship House, a senior living complex in Santa Venetia, with up to $6 million planned to be allocated for renovations. The housing...
California Awards $789.8 Million for New Affordable Housing
In a announcement by Governor Gavin Newsom, 24 housing and sustainable projects across California will be getting a share of $789.8 million in cap-and-trade funds made through Affordable Housing and Sustainable Communities (AHSC) program. This award will be used to...
$73.3 Million Construction Loan Secured for FSU’s ‘The Hall’ Student Housing Project
Portman, 908 Group, Canyon Partners Real Estate, and PTM Partners are developing "The Hall," a Class-A student housing project at Florida State University, funded by a $73.3 million senior construction loan recently secured by the said joint venture from Pacific Life...
Los Angeles Pays $38.2 Million Settlement For False Accessibility Claims in Affordable Housing
The City of Los Angeles has recently agreed to pay $38.2 million to settle a lawsuit filed by the U.S. Department of Justice, alleging that the city violated the False Claims Act by falsely certifying its multifamily affordable housing units as accessible to people...
Sonida Senior Living to Acquire Eight Senior Communities in Southeast for $103 Million
Sonida Senior Living, Inc. is set to acquire eight senior living communities in South Carolina and Florida. This transaction, valued at $103 million, comprises 555 units with Assisted Living and Memory Care options, located in Jacksonville, Orlando, Daytona Beach,...
Legal Dispute Erupts Over UCSC’s Student Housing Contract Award
The Nor Cal Carpenters Local Union 505 has filed a lawsuit against the University of California, alleging an unfair bidding process for the UC Santa Cruz student housing project, Student Housing West. The union argues that W. E. O’Neil Construction Co. of Norcal...
University of Georgia Leases Land for New $70 Million Student Residence Hall
The University of Georgia is gearing up for the development of a $72.5 million student housing, leasing 0.596 acres of campus land to address the soaring demand for student housing. An affiliate of the UGA Real Estate Foundation, Inc. UGAREF Lumpkin Street Housing...
San Francisco Pulls $20 Billion Affordable Housing Bond From November Ballot
In a sudden turn of events, two months after the board of the Bay Area Housing Finance Authority voted to place a $20 billion affordable housing bond on this year's ballot, the board this week unanimously decided to pull the measure from the November ballot. The...
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