NEWNAN, Ga. — A joint venture between Watercrest Senior Living Group and Waypoint Residential has unveiled plans for Watercrest Newnan Assisted Living and Memory Care Community in the Atlanta suburb of Newnan.
HARRISONBURG, Va. — Ziegler has secured a $4.9 million, FHA-insured mortgage for Heritage Haven, a 150-unit affordable seniors housing community in Harrisonburg, located in the Shenandoah Valley region.
CHICAGO — Evergreen Real Estate Group, a Chicago-based developer of both affordable and market-rate multifamily properties, including communities for seniors and families, has added two employees to vice president positions. John Kennedy joined the company as executive vice president of operations, while existing employee Mary Mauney was promoted from regional supervisor to vice president of property management.
BOSTON — Blue Moon Capital Partners LP, a Boston-based seniors housing private equity investor, has promoted Elyse Hanson to director of investments.
SWANSEA, Ill. — Southwestern Illinois Development Authority (SWIDA), Bywater Development Group and Bi-State Development have broken ground on Metro Landing of Swansea, a $10.9 million seniors housing community adjacent to the Swansea MetroLink Station in the St. Louis suburb of Swansea.
DES MOINES, Iowa — LCS, a Des Moines-based continuing care retirement community (CCRC) operator, has hired Chris Bird to lead the company’s rental division.
PORTLAND, Maine — Boston Capital will invest an undisclosed amount of capital toward the renovation of Northfield Green, a 201-unit apartment property for seniors in Portland.
ANNISTON, Ala. — Contemporary Healthcare Capital (CHC) has closed an $830,000 mezzanine loan for the acquisition of Autumn Cove, a 56-unit assisted living and memory care facility located in Anniston, midway between Birmingham and Atlanta.
OCOEE, Fla., KENNER, La., and ALPHARETTA, Ga. — Validus Senior Living, a Tampa-based long-term care company, has closed a $117.5 million syndicated revolving line of credit with SunTrust Robinson Humphrey.
LAFAYETTE HILL, Pa. — HJ Sims has completed an $88.1 million bond refinancing for Presby’s Inspired Life, a nonprofit operator based in Lafayette Hill.