VERONA, N.Y. — KeyBank Community Development Lending & Investment (CDLI) has provided a $10.8 million construction loan to convert a public school into affordable seniors housing in Verona, located just off Interstate 90 between Syracuse and Utica.
CHICAGO — Green Courte Partners LLC, a Chicago-based private equity real estate investment firm, has hired Jim Pusateri as the CEO of True Connection Communities, the company’s new senior living operating platform. Pusateri will also join Green Courte as a managing director.
VERO BEACH, Fla. — Harbor Retirement Associates (HRA), a regional senior living development and management company based in Vero Beach, has appointed Laureen McGuire as its new vice president of sales and marketing.
OAK CREEK, Wis. — National Health Investors Inc. (NYSE: NHI) has agreed to finance development of Ignite Medical Resort Oak Creek, a 144-bed skilled nursing facility just south of Milwaukee in Oak Creek. NHI’s commitment totals $25.4 million.
IRVINE, Calif. — HCP Inc. (NYSE: HCP) has agreed to sell 15 million shares of its common stock in order to help fund its development and acquisition pipeline.
ATLANTA — Lenbrook, an independent continuing care retirement community (CCRC), has announced plans for a $100 million expansion known as Kingsboro at Lenbrook.
BROOMFIELD, Colo. — HFF has arranged $21.4 million in financing for The Avenues Crofton Park, a 90-unit independent living community in the Denver suburb of Broomfield.
PITTSBURGH — The Knapp Group of Marcus & Millichap has brokered the sale of a 58-unit personal care home community in Southwest Pennsylvania.
ESSEX, Conn. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $12.3 million facility for TH Real Estate and LCS. The funds will finance the acquisition of Essex Meadows, a seniors housing community in Essex, approximately 35 miles southeast of Hartford.
KNOXVILLE, Tenn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Northshore Heights LLC, a 69-unit assisted living and memory care community in Knoxville.