(Read more on the multifamily market and moreon the debt and equitymarkets.)
DEDHAM, MA-A multi-faceted senior living complex beingconstructed here has received the necessary funding thanks to thesale of $457 million in tax-exempt bonds. The issuance is said tobe the largest in US history to be deployed for development of anonprofit continuing care retirement community.
"This financing will help us bring to reality a unique newcommunity and healthcare facility that will expand our ability toserve older adults in the Boston area," says Len Fishman, presidentand CEO of Hebrew SeniorLife, the elder services organizationsponsoring NewBridge on the Charles. The facility is being built atthe 162-acre Dr. Miriam and Sheldon G. Adelson Campus in Dedham, asuburb abutting Boston.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
