NEWPORT, HOT SPRINGS and LITTLE ROCK, Ark. — Strawberry Fields REIT has acquired three skilled nursing facilities located in Arkansas for a total of $14.3 million.
CALIFORNIA — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $51.9 million Bridge-to-HUD loan for the acquisition of six skilled nursing facilities across California.
AUSTIN, Texas — The ITEX Group, in partnership with the Housing Authority City of Austin (HACA), has reopened Pathways at Gaston Place.
ANNAPOLIS, Md. — Fewer than half (46 perecnt) of America’s middle-income seniors will be able to afford the $60,000 average annual costs of seniors housing and out-of-pocket medical costs in 2029, new research shows. But if the costs were cut, millions of older adults could benefit.
HOUSTON — Belmont Village Senior Living, a Houston-based developer, owner and operator of seniors housing, has hired longtime REIT veteran Mercedes Kerr as its new president.
RANCHO MISSION VIEJO, Calif. — Reata Glen, a continuing care retirement community (CCRC) in Rancho Mission Viejo, will open its doors on May 28.
CRYSTAL LAKE, Ill. — Skender, as base building and interior construction manager, has broken ground on Residences of Crystal Lake, an independent living community in Crystal Lake, approximately 45 miles northwest of Chicago.
CONNECTICUT — Carnegie Capital has arranged an $8 million refinancing for a 90-bed skilled nursing facility in Connecticut.
FREMONT, Calif. — Eden Housing has opened Pauline Weaver Senior Apartments, a 90-unit affordable housing community for seniors in Fremont, located at the southeast edge of San Francisco Bay.
RIDGELAND, Miss. — SunTrust Banks has served as sole lender of a $37.5 million refinancing for The Orchard, a seniors housing community in Ridgeland, a northern suburb of Jackson.