NASHVILLE, Tenn. — Contemporary Healthcare Capital has provided a $500,000 mezzanine loan to affiliates of Opal Senior Living for the acquisition of an assisted living and memory care community in Nashville.
BROOKLINE, Mass. — Welltower has acquired the former Newbury College campus in the first-ring Boston suburb of Brookline for $34 million. The REIT plans to convert the property to seniors housing.
CHULA VISTA, Calif. — The Mogharebi Group (TMG) has arranged the sale of Pacific Pointe Active Senior Living, a 111-unit active adult community in Chula Vista.
COLLEGEVILLE, Pa. — Providence Place, a family-owned senior living company founded by former Pennsylvania governor George Leader, has opened a new location in Collegeville, a tiny borough approximately 25 miles northwest of Philadelphia.
SPRINGFIELD, Ill. — Elevation Financial Group has acquired two affordable seniors housing communities in Springfield, located between Chicago and St. Louis, for a total price of $10.7 million.
OGDEN, Utah — Blueprint Healthcare Real Estate Advisors has arranged the sale of Washington Terrace Center, a 120-bed skilled nursing facility in Ogden, a northern suburb of Salt Lake City.
CHICAGO — Riding the strength of a strong labor market and robust consumer spending, the U.S. economy remains healthy, asserts former Federal Reserve Chair Janet Yellen. But she cautions that a weak business investment climate, fallout from President Donald Trump’s escalating trade war with China and the slowdown in the global economy have led to increased downside risks to the near-term outlook.
ROCKVILLE, Md. — Dallas-based Silverstone Senior Living has started construction of The Seneca of Rockville, a seniors housing community in the Washington, D.C. suburb of Rockville.
CARMEL, IND. — Cushman & Wakefield has arranged the $61 million sale of The Barrington of Carmel, a 267-unit continuing care retirement community in Carmel, a suburb of Indianapolis.
KENTUCKY — Blueprint Healthcare Real Estate Advisors has arrange the sale of 10 skilled nursing facilities in Kentucky. The specific properties and sales price were not disclosed.