CLEVELAND — Carnegie Capital has arranged a $16 million refinancing for an assisted living and memory care community in Cleveland.
IRVINE, Calif. — HCP Inc. (NYSE: HCP), one of the Big Three REITs investing in seniors housing, has appointed Katherine Sandstrom as an independent director to its Board of Directors. Sandstrom will also serve as a member of the Compensation & Human Capital Committee and the Investment & Finance Committee.
OVERLAND PARK, Kan. — HJ Sims has arranged $60.6 million in financing for the expansion and renovations of Village Shalom, a continuing care retirement community (CCRC) in the Kansas City suburb of Overland Park.
SEATTLE — Ziegler, a specialty investment bank, has arranged $44.8 million in bond financing for The Hearthstone Corp. The bonds will fund an expansion at the company’s continuing care retirement community, The Hearthstone at Green Lake in Seattle.
EVANS, Ga. —Charter Senior Living has named Karen Bowles as executive director of Camellia Walk, an 83-unit community in the Augusta suburb of Evans.
TOLEDO, Ohio, and MOUNT LAUREL, N.J. — Toledo-based healthcare REIT giant Welltower (NYSE: WELL) and Mount Laurel-based operator Brandywine Living have announced the conversion of the companies’ master lease from a triple-net structure to a RIDEA structure.
SAN MARCOS, Calif. — Lancaster Pollard has arranged $400 million in financing for Plum Healthcare Group, a San Marcos-based skilled nursing operator.
CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, the Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., has been approved as a seniors housing lender for Fannie Mae.
WASHINGTON, D.C. — Midland States Bank has promoted Jonathan Camps to president of its Love Funding subsidiary. Headquartered in Washington, D.C., Love Funding is one of the largest commercial FHA loan originators in the United States.
PALM COAST, Fla. — Watercrest Senior Living has opened its newest Market Street Memory Care Residence in Palm Coast, approximately midway between Jacksonville and Orlando.