LOS ANGELES — Meta Housing Corp., a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based nonprofit corporation, has broken ground on Vermont Corridor Apartments.
ANNAPOLIS, Md. — The occupancy rate for seniors housing across the United States remained virtually unchanged at 88.1 percent in the first quarter of 2019, according to the National Investment Center for Seniors Housing & Care (NIC), a nonprofit organization that provides research and analytics to the seniors housing industry.
CHICAGO and DAYTONA BEACH, Fla. — Sentrics, a Chicago-based technology firm serving the senior living industry, has acquired Daytona Beach-based sensor and detection technology company Silversphere.
DANVILLE and RUSSELL, Ky. — PGIM Real Estate Finance has provided a combined $15.3 million for two Morning Pointe senior communities in Kentucky.
CHICAGO — The Economic Club of Chicago, a nonprofit organization focused on economic and social dialogues, has named Debra Cafaro to a two-year term as its chair of the board.
SOUTHAMPTON, N.Y. — Greystone has provided a $58.8 million HUD-insured loan to refinance a skilled nursing facility in Southampton.
LAKE FOREST, Calif. — Oxford Finance LLC has provided a $96 million term loan to an affiliate of Summit Healthcare REIT Inc. The funds were used to purchase 14 skilled nursing and assisted living facilities in Indiana totaling over 1,100 beds.
MEMPHIS, Tenn. — SunTrust Banks Inc. (NYSE: STI) has provided $29.5 million in financing to support Hickory Senior Living’s acquisition of The Cottages, a 10-facility seniors housing portfolio.
PINELLAS PARK, Fla. — Hunt Real Estate Capital has provided two loans to finance the acquisition and rehabilitation of an affordable seniors housing property in Pinellas Park, located across the bay from Tampa.
ST. LOUIS — Ascension Living has promoted Debra Valkenberg to the position of chief nursing officer.