RALEIGH, NC-KRC Avalon Woods, developer of the 152,000 sf, 76-bed Magnolia Glen retirement community, has been approved for a $20 million construction loan on its Creedmoor Road venture.
Magnolia Glenn will comprise 20 cottage units configured as 10 duplexes; a 48-unit, 76-licensed bed assisted living facility; and a 140-unit apartment type residential care building.
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May 12, 2026
However, leasing dropped by eight percent.
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Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!