Senior Housing News November 11, 2024
Financings
CBRE arranges refinance
CBRE announced it arranged a refinance for Carlton Senior Living San Leandro in California.
According to a press release, the refinance will allow the company to “reconstitute its original joint venture ownership into a closely held Tenant-in-Common (TIC) ownership structure.”
The community was originally built in 1997 and has a total of 147 units.
Transactions
Standard Communities acquires $1B portfolio
Affordable housing developer and investor Standard Communities announced it recently acquired an affordable housing portfolio valued around $1 billion.
The acquisition consists of over 6,000 apartment homes in 60 communities and will include services for families and seniors, according to a press release.
Standard’s total portfolio now consists of 27,000 apartment homes, and the company is...
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