Marcus & Millichap Brokers $5.3M Assisted Living Sale in New Mexico

ALBUQUERQUE, N.M. — Marcus & Millichap has brokered the sale of Casa de Rosa, an assisted living facility in Albuquerque, for $5.275 million. The seller was a local family who previously purchased the property (then vacant) from a non-profit organization. This was the seller’s sole seniors housing property, and was sold as the owners planned to retire. The buyer was an investment group from California.

Lancaster Pollard Consolidates Assisted Living Loans

BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.

Mainstreet and Trilogy to Open Harrison’s Crossing in Indiana

TERRE HAUTE, Ind. — Mainstreet and Trilogy Health Services are preparing to open a new seniors community, Harrison’s Crossing Health Campus, in Terre Haute. Located at 395 8th Ave., Harrison’s Crossing Health Campus will provide transitional care (short-stay rehabilitation and therapy) and assisted living.

Prudential Refinances Class A Community in Maryland

KENSINGTON, Md. — Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), has provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a Class A independent, assisted and memory care community located in Kensington, Md. 

Subscribe to this RSS feed