Glendale assisted-living development secures $59M in financing

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An assisted-living project in Glendale has received $59.4 million in financing to begin construction, demonstrating the growing demand for senior housing.

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Foreign interests. Southeastern developer Omega Communities sees great promise in a program administered by the U.S. Citizenship and Immigration Services (USCIS)-so much that it plans to raise up to $20 million of program funds to finance the development of two more senior living projects. The Immigrant Investor Program,

Glendale assisted-living development secures $59M in financing Dekel principal Shlomi Ronen and a rendering of Sage Glendale (Credit: Dekel) An assisted-living project in Glendale has received $59.4 million in financing to begin construction, demonstrating the growing demand for senior housing .

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Cedarhurst of Bethalto will contain 50 assisted living apartments and, in addition, a secure Memory Care wing, which will accommodate up to 26 residents with Alzheimer’s disease and other types.

 · DALLAS, TX – December 6, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $74 million sale and secured $48.555 million in financing for Horizon Bay at Hyde Park, a 136-unit seniors housing community in the historic Hyde Park neighborhood of Tampa, Florida.

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Hello, My mother-in law has about 700K in her retirement accounts and has suddenly needed to go into long term care (about 8K per month.) We are thinking that rather than simply spend down her retirement funds to pay for this care that there maybe a way to invest in rental property in order to pay for a significant portion of that cost through cashflow generated from rentals.