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Ryan Companies wraps construction on 200-unit seniors housing development in Minnesota
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Ryan Cos breaks ground on $60M senior living center in Woodbury
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2020 was a challenging year, to say the least. The real estate industry continues to feel the effects of the global COVID-19 pandemic and subsequent economic consequences going into 2021 as industry leaders are still assessing what has been lost, as well as what new opportunities lie ahead as the world slowly emerges from a socially-distanced reality. Although this year’s 14th Annual Real Estate Capital Markets (RECM) Conference, hosted by Goodwin and Columbia Business School, was held virtually, guests were still given the same dynamic experience with a global representation of speakers who led sessions about the state of the real estate capital markets, global capital flows, impact and responsible investing, as well as a market-focused session on the hospitality sector.
KIRKLAND, WA - American Capital Group, Artemis Real Estate Partners and MorningStar Senior Living announced they have completed the acquisition of two independent senior living development projects situated adjacent to the previously announced Lifebridge Kirkland Apartments in Kirkland, Wash. and the Amberglen Apartments in Hillsboro, Ore. The projects will operate under the brand names MorningStar Senior Living of Kirkland and MorningStar Senior Living of Hillsboro, respectively.
MorningStar Senior Living of Kirkland will offer 151 independent living units as well as a full-service kitchen, pool, spa, fitness center and direct access to both private and public walking paths, promoting a healthy lifestyle for its senior residents. The community is less than a mile from Evergreen Medical Center, the #4 ranked hospital in Washington, and within a ten-mile radius of 11 hospitals offering emergency services. In spite of rapid population growth in the Kirkland area, no additional indepen
Erik Murray is taking efforts to diversify the commercial real estate industry into his own hands.
Murray is CEO and managing partner of Oakland-based Oak Investment Funds, an investment firm growing its record of giving minority developers and opportunities a look when major players don’t.
As a Black man in a business where the vast majority of decision-makers are White, Murray, 38, has focused on giving Black entrepreneurs a chance in an effort to inspire future leaders of color in the big-money business. Courtesy of Erik Murray Oak Investment Funds co-founder and Managing Partner Erik Murray
“You have to take a chance, go outside your comfort zone, and give an opportunity to a person who may not be formally trained in real estate, who may not have grown up wanting to be a real estate developer,” Murray said. “Because that’s not even an opportunity that’s presented to young Black kids.”
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