FARMINGTON, N.M. — Marcus & Millichap has brokered the sale of Cedar Ridge Inn, a skilled nursing facility located at 800 Saguaro Trail in Farmington. A private investor sold the asset to another private investor for an undisclosed price.
KAWKAWLIN, Mich. — Capital Funding has provided a $4.5 million HUD mortgage for Huron Woods, a 60-bed skilled nursing facility in Kawkawlin, a small town in Central Michigan.
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has hired Dana Hambly as its new director of investor relations. He replaces Colleen Schaller, who will transition to a new role as real estate transaction manager.
TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has expanded its senior living portfolio to the tune of 15 properties worth $949 million across the country. Simultaneously, the healthcare REIT giant exited its partnership with seniors housing operator Benchmark Senior Living, selling its 48-property portfolio to an undisclosed buyer for $1.8 billion. The 48 properties that Benchmark operates total 4,137 units and are located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. As part of the recapitalization, Benchmark will invest in improvements at the properties. Benchmark will continue to …
STAUNTON, Va., and WOBURN, Mass. — CBRE has arranged $35.7 million in financing for a two-community seniors housing portfolio. The borrower is a joint venture between Harrison Street and Brightview Senior Living.
WINTER GARDEN, Fla., and LITTLE ROCK, Ark. — Architect and developer Cardinal Ventures and its affiliated management company, Blake Management Group, are set to break ground on three new communities in Florida and Arkansas.
MEDINA, Ohio — Ohio Masonic Home has unveiled plans for a new independent living neighborhood at Western Reserve Masonic Community (WRMC), a 229-acre continuing care retirement community in Medina, about 30 miles south of Cleveland.
VERO BEACH, Fla. — Harbor Retirement Associates (HRA), a regional senior living development and management company based in Vero Beach, has hired David Dodson as vice president of sales and marketing.
SALINAS, Calif. — KeyBank Real Estate Capital has provided $29 million to refinance Pacific Coast Care Center, a 149-bed skilled nursing facility in Salinas, just south of the Bay Area proper.
MONTVALE, N.J. — Cushman & Wakefield Senior Housing Capital Markets has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit independent living, assisted living and memory care development in Montvale.