ANDOVER, Minn. — Lancaster Pollard has arranged a $10 million loan for Arbor Oaks, a 70-unit assisted living community in the Minneapolis suburb of Andover.
EDEN PRAIRIE, Minn. — HJ Sims has arranged $61.8 million in bond financing for American Baptist Homes of the Midwest (ABHM), a nonprofit operator based in Eden Prairie.
PITTSBURGH — The Community Builders Inc. (TCB), a nonprofit developer of mixed-income housing, has opened Hillcrest Residences, a 66-unit seniors housing community in Pittsburgh’s Carrick neighborhood.
ESCONDIDO, Calif. — JCH Senior Housing Investment Brokerage has arranged the sale of a 51-unit assisted living community in Escondido, located between San Diego and Los Angeles.
NASHVILLE, Tenn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of an undisclosed 119-bed skilled nursing facility in Nashville.
DUNKIRK, N.Y. — Greystone has provided a $16.5 million HUD-insured permanent loan to refinance Chautauqua Nursing & Rehabilitation Center, a skilled nursing facility.
ANNAPOLIS, Md. — Occupancy for skilled nursing facilities throughout the United States hit a five year low in the third quarter of 2017, falling to 81.6 percent, according to data released today by the National Investment Center for Seniors Housing & Care (NIC).
NORWOOD, Mass. — LCB Senior Living LLC has hired Jason Kohler as the Norwood-based developer and operator’s new chief operating officer. Kohler will be the first to fill the newly create position.
IOWA — Lancaster Pollard’s M&A team, a unit of the Ohio-based real estate mortgage and investment banking firm, has arranged the sale of a six-property, 551-bed seniors housing portfolio throughout Iowa for $29.5 million.
FAIRFIELD, Conn. — HJ Sims has added Kevin Adams as senior vice president of asset management. Working from the Fairfield-based company’s Orlando, Fla., office, Adams will be responsible for internal department services to include asset management, operations oversight, data monitoring, credit analysis and reporting.