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Seniors Housing & Care



Our broad service capabilities, deep resources and experience help capital providers identify and mitigate investment risk and expedite transactions and help owners and operators effectively anticipate and address tomorrow’s opportunities and challenges today.

Our approach

The largest generation in history is entering retirement age, creating a significant need for new models of housing and care. We are dedicated to helping our clients capitalize on the opportunities presented by an aging population—and manage their transactional and operational risks in the process.

When you hire Nixon Peabody for a seniors housing and care matter, you are hiring lawyers who truly understand your business and have deep experience to help you identify and mitigate its many risks. We serve on boards, we teach in the field and we actively participate in local and national seniors housing and care trade groups. Our team’s dedication to the sector results in practical, yet creative solutions for our clients that add value in every engagement, however simple or complex.

From representing investors in billion dollar, multi-national portfolio transactions to handling day-to-day general legal and risk management matters for a nonprofit CCRC, we serve a diverse group of national and international clients. We also act as “legal watch dogs,” providing client alerts to calls for regulatory oversight and disclosure to keep our clients ahead of the game and prepared for change.

Whether it concerns the integration of seniors housing into managed care networks, structuring affordable seniors housing projects or the mainstreaming of sustainable seniors housing, we are always on the cutting edge of tomorrow’s hot topics.

Who we work with

  • Financial stakeholders. Our clients are investors, underwriters, credit enhancement providers, bond issuers, purchasers, sellers and developers.
  • Owners and operators in local markets and on a national or international scale. Facilities run the full gamut from independent living communities and assisted living and skilled nursing facilities to CCRCs, home health agencies and adult day care programs.
  • Nonprofit developers and operators of housing for seniors, including affordable housing projects financed or subsidized by HUD programs, tax-exempt bonds and/or the low-income housing tax credit (LIHTC).

Our Representative Experience

National Investment
Center
Outside General Counsel
Nixon Peabody serves as the outside general counsel to the National Investment Center (NIC).
BFC Partners

Affordable Housing Development
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

Financing Transactions
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, MA.
Wollaston Lutheran Housing
Financing Transactions
Refinancing of a $28.9 million, 40-year MassHousing loan for a 151-unit elderly affordable housing development in Quincy and the $19.9 million, FHA-insured loan on a 152-unit affordable housing property located in Quincy.
Cindat Capital Management/Union Life Insurance
Acquisition
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

Development
Closing of a transaction to develop the Bishop Valero Residence, an affordable housing and supportive housing property for low-income seniors and homeless adults.

Nixon Peabody Arranges $48.8M in Financing to Upgrade Two Wollaston Affordable Communities Near Boston

Seniors Housing Business | October 06, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

MassHousing Provides $28.9M Loan for Refinancing of Multifamily Asset in Metro Boston

REBusinessOnline | October 05, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

Nixon Peabody Secures $29M Refinancing for Affordable Housing Development in Quincy

Connect Media CRE | October 05, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

Catholic Charities Starts Work on New Queens Development

Real Estate Weekly | September 28, 2020

This article on the ground-breaking of Bishop Valero Residence, an affordable housing development for low-income seniors and formerly homeless adults, quotes New York Affordable Housing & Real Estate partner Joe Lynch for leading the team that advised Catholic Charities Progress of Peoples Development Corporation. The deal team also included Rochester Affordable Housing & Real Estate partner Darren Miller and associate Matt Carrigg.

Increased Nursing Home Data Reporting Could Bring ‘Perfect Storm’ of Federal Lawsuits

Skilled Nursing News | September 21, 2020

This article, covering takeaways from a recent webinar on long-term care facility infection control enforcement, extensively quotes Washington DC Government Investigations & White-Collar Defense partner Adam Tarosky, who provided several best practices for skilled nursing facilities amid increased government scrutiny.

JV Completes $53M Redevelopment of Bronx Senior Community

Multi-Housing News | August 06, 2020

This article on Fort Schuyler House, a 138-unit affordable senior housing community in the Bronx, mentions NP for the work of New York City Affordable Housing & Real Estate partners Joe Lynch and Meghan Altidor, and strategic policy advisor Deborah VanAmerongen representing the developer in the deal.

Transactions & Financings

Senior Housing News | July 22, 2020

Nixon Peabody client Hebrew SeniorLife (HSL) was included in this roundup of notable deals for closing on the financing of two Boston-area properties that will help the organization with its post-pandemic future. Affordable Housing & Real Estate partner Jeff Sacks, and associates Ali Walendziak and Alexander Rosso were mentioned for representing HSL in the Randolph financing. Jeff Sacks and Affordable Housing & Real Estate associate Julie Hancock Stande were noted for representing HSL in the Brookline transaction. All the attorneys are based in Boston.

ATB clarifies tax method for ‘entry fee communities’

Massachusetts Lawyers Weekly | August 22, 2019

Boston Affordable Housing and Real Estate partner Jeff Sacks wrote this contributed article analyzing a ruling by the Appellate Tax Board on the proper method of determining real estate taxes for senior living facilities that use an entry fee model. Boston law clerk Thomas Jackson contributed to the article.

Senior housing looks more like luxury apartments today, but it can be harder to build

Bisnow | March 28, 2019

Washington, DC managing partner Colette Dafoe is highlighted in this article for her role as moderator of Bisnow’s Greater DC State of Senior Housing event.

Getting off the ground

Long Island Business News | March 18, 2019

New York Affordable Housing partner and Chief Innovation Officer Aaron Yowell is quoted in this article, discussing the groundbreaking of Concern for Independent Living’s $25 million, 77-unit affordable housing development in Port Jefferson Station.

N.J. senior community undergoes RAD transformation

Affordable Housing Finance | December 17, 2017

Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.

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