Seniors Housing and Care

Overview

The largest generation in history is entering retirement age, creating a significant need for new models of housing and care.

We help our clients capitalize on the opportunities presented by an aging population while managing their transactional and operational risks in the process. Our team’s industry experience fuels our creative solutions for our clients.

We assist a diverse group of national and international clients on a broad array of transactions, including the integration of seniors housing into managed care networks, the structuring of affordable seniors housing projects, and the mainstreaming of sustainable seniors housing.

We have extensive experience representing purchasers, developers, and operators, among other parties involved in seniors housing. We also serve as bond or special counsel in the acquisition, development, financing, and operation of a variety of non-subsidized or market-rate senior living facilities.

Representative Experience

• National Investment Center (NIC): Serve as NIC’s outside general counsel
• BFC Partners: Represented BFC in the development of Stonewall House, a 100% low-income, age-restricted affordable housing project for LGBT elders—the first of its kind in New York City
• Hebrew SeniorLife: Represented seniors housing nonprofit in the refinancing of a $27.4 million, 35-year loan for Simon C. Fireman Community and the conversion of a $28.4 million temporary construction loan to a permanent loan for the Julian and Carol Feinberg Cohen Residences in Brookline, Massachusetts
• Wollaston Lutheran Housing: Represented church-sponsor in the refinancing of a $28.9 million, 40-year MassHousing loan for a 151-unit elderly affordable housing development and $19.9 million, FHA-insured loan on a 152-unit affordable housing property, both located in Quincy, Massachusetts
• Cindat Capital Management/Union Life Insurance: Represented Cindat in the purchase of a significant seniors housing and assisted living portfolio in the U.S. via a joint venture with Welltower Inc., a health care real estate investment trust
• Catholic Charities Progress of Peoples Development Corporation (Catholic Charities): Represented the affordable housing affiliate of Catholic Charities Brooklyn and Queens, Inc., in a closing transaction to develop the Bishop Valero Residence, an affordable housing and supportive housing property for low-income seniors and homeless adults