SAN DIEGO — TMC Financing has arranged $1.5 million in total project financing for Butterfly Gardens, a boutique assisted living community in the La Jolla neighborhood of San Diego.
RED BANK, N.J. — Locust Point Capital, an alternative asset manager based in Red Bank, has launched a new project equity financing program for the seniors housing industry.
SACRAMENTO — Oakmont Senior Living has named Terry Ervin as executive director of Oakmont of East Sacramento, a 135-unit assisted living and memory care community currently under construction in Sacramento.
PUEBLO WEST, Colo. — Heavenrich & Co. has arranged the sale of The Legacy Commons at Pueblo West, a 51-unit assisted living community in Pueblo West, about 115 miles south of Denver.
HOUSTON — The NHP Foundation (NHPF) has received $12 million in funding to develop a 73-unit affordable seniors housing community in Houston’s Third Ward.
BRIDGMAN, Mich. — Capital Funding LLC has provided a $6.1 million HUD mortgage to refinancing debt on West Woods of Bridgman, a 92-bed skilled nursing facility.
PALM BAY, Fla. — Watercrest Senior Living Group has been awarded management of the senior living community formerly known as Inspired Living of Palm Bay, located in a coastal city about 70 miles southwest of Orlando.
KENNETT SQUARE, Pa. — Kendal Corp., a nonprofit owner-operator based in Kennett Square, has hired Lisa Holloway as vice president of health services.
NOVATO, Calif. — Sundt Construction Inc. has started construction of Avesta Residences at Hamilton Hill, a seniors housing community in the Bay Area city of Novato.
DES MOINES, Iowa — David Laffey, executive vice president and senior managing director with Des Moines-based developer, owner and operator LCS, has passed away. He was 62 years old, and died of brain cancer that was just discovered in November, according to his hometown newspaper The Laconia Daily Sun in Laconia, New Hampshire. The paper reports he died in his home surrounded by family.