Monthly Archives February 2019

Markets in Texas, Georgia, Virginia Among Top Prospects for Senior Housing Development

Senior living developers might want to pay more attention to McAllen, Texas; Augusta, Georgia; and Virginia Beach, Virginia.

That’s because those are the three metro markets where conditions may be ripest for new senior housing development, according to a recent analysis from senior living development consulting firm Plante Moran Living Forward. The ranking was built using weighted scores for metrics indicating favorable penetration, activity, and performance.

Plante Moran Living Forward’s top 10 markets for new senior living development are as follows:

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Plante Moran Living Forward

McAllen stood out as a relative unknown overall, but Plante Moran’s market watchers also noticed extremely low penetration rates there caused in part by a lack of senior living presence...

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Preferred Apartment Communities, Inc. Announces Investment in Kennesaw, Georgia Student Housing Development

ATLANTA, Nov. 6, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. (APTS) ("PAC" or the "Company") today announced that it closed on a loan investment of up to approximately $13.6 million. This investment is in connection with Terwilliger Pappas’s plans to develop a 543-bed, 175-unit student housing community located near Kennesaw State University in Kennesaw, Georgia. Additionally, with this investment, PAC received an option to purchase the student housing community following stabilization at a discounted price to market. This development is the second project with Terwilliger Pappas at KSU and both projects are located within a mile of campus and on the University Bus Line.

"We are pleased to originate another student housing loan investment in a premier location at KSU," said J...

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