RED Closes $8.8M Construction Loan for Lakewood Memory Care in Colorado

LAKEWOOD, Colo. — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzpatrick Capital for the construction of Lakewood Memory Care, a Class A development located just outside of Denver.

Brookdale Names National Brain Health Director

BRENTWOOD, Tenn. — Brookdale Senior Living has appointed an expert to broaden its cognitive fitness programs. Dr. Paul Nussbaum, a board-certified psychologist specializing in neuropsychology, was named the company's national director of brain health. Brookdale, which operates over 1,000 seniors living communities in 46 states, is America's largest provider of Alzheimer's and dementia care.

Tribute Plans New Memory Care Community in Prosper, Texas

PROSPER, Texas — Dallas-based Tribute Senior Living will begin construction this spring on an advanced memory care and seniors living community at the corner of Preston Road and Broadway in Prosper, Texas. Upon completion in 2016, the 60,000-square-foot community will be home to 100 residents.

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. 

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