Century Housing Acquires California Senior Housing Project for USD 66.5m.

MANews-(C)2009-2021

US-based Century Housing has acquired CityView apartments, a 296-unit multifamily senior housing community located on a 2.58-acre site in the Wrigley area of Long Beach, California for USD 66.5m, the firm said.

Homes at the community serve senior households earning at or below 60% of Area Median Income.

Renovated in 2015, City View includes upgrades such as a new cool roof, replacement of all existing residential and storefront-type aluminum frame single pane windows with nonmetallic frame double pane windows, installation of Energy Star refrigerators, HVAC improvements, and LED light installation.

Project amenities include a community room, fitness center, library, tech center, laundry facilities with TVs, game tables, elevators, surveillance cameras, controlled-access entry, rooftop deck with a BBQ area, and 173 parking...

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