Seniors are dropping up to $1.5M to live on campus again

Purchase College is the latest school to cash in on the increasing demand among seniors–senior citizens, that is–to live on campus again. The college has a nearly $15 million unrated tax-exempt note issuance on the horizon for a development where one-bedrooms will be asking for $595,000 and two-bedrooms for $1.5 million, according to Bloomberg. Monthly maintenance fees will run up to $8,500 and the complex will be situated on 40 acres worth of prime campus […]Home Page,Residential Real Estate,senior housing