Middle market - McKnight's Senior Living

Middle market

One-fifth of new project to feature ‘affordable rates’

Real estate and development firm KT Urban received unanimous approval by the city of Cupertino Environmental Review Committee this month to move forward with its plans for an enhanced senior and family living project, Westport Cupertino. According to a Globe St.com article, the development had exceeded the city of Cupertino’s inclusionary Below Market Rate Housing Program with plans to offer more than 20% of the allowed units at affordable rates.

Office phone, conference table

LTC Properties expects to ‘dig deep’ for transactions; older buildings, senior apartments of interest

For 2020, “early indications show that we will have to dig deep to find the kinds of transactions that best benefit our shareholders,” Westlake Village, CA-based LTC Properties’ Chairman, Chief Executive Officer and President Wendy Simpson said Friday. The REIT also provided updates on several operators in its portfolio, including Brookdale, Anthem, Thrive, Senior Care Centers, Fields and Senior Lifestyle.

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