RED BANK, N.J. — Locust Point Capital has closed its debut fund, Locust Point Private Credit Fund LP. The company plans to provide subordinate debt, preferred equity, and opportunistic senior mortgage loans to owner-operators in the seniors housing and care sector.
ATHENS, Ga. — Presbyterian Homes of Georgia has broken ground on Presbyterian Village Athens, which the developer claims will be the first continuing care retirement community (CCRC) in Athens.
CUYAHOGA FALLS, Ohio — A public-private partnership between The NRP Group and the City of Cuyahoga Falls has opened Brookside Residences, a mixed-income seniors housing community in Cuyahoga Falls, a suburb of Akron.
WASHINGTON, D.C. — Ingleside, an operator serving the greater D.C. area, has named Frank Beech as the new executive director at Ingleside at Rock Creek, located in the northwest portion of the city.
WOOD COUNTY, Wis. — Atrium Health and Senior Living, a skilled nursing and seniors housing operator based in New Jersey, has placed 33 of its properties into receivership, according to a Wood County Circuit Court filing. The news was first reported by the Milwaukee Journal Sentinel.
EAST LANSING, Mich. — HJ Sims has arranged a $14 million refinancing for Burcham Hills, a continuing care retirement community in East Lansing. The funds will be used to reposition the campus.
CHICAGO — Interra Realty has brokered the $6 million sale of a four-story skilled nursing facility in Chicago’s West Loop.
SACRAMENTO, Calif. — CBRE has provided the refinancing of Campus Commons, a 126-unit independent living community in Sacramento. The amount of the loan was not disclosed.
FORT WORTH, Texas — Fort Worth-based operator Civitas Senior Living has hired Misty Miller to the newly created position of chief wellness officer.
CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, a Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., today announced that it has been approved as a Seniors Housing Lender for Freddie Mac.