NEW YORK and PENNSYLVANIA — Capital Funding Group (CFG), a Baltimore-based lender, has closed loans totaling $47 million for three skilled nursing facilities in New York and Pennsylvania. The borrower, property names, specific locations and other details of the properties were not disclosed.
RALEIGH, N.C., and GILBERT, Ariz. — Greystone has arranged $50 million in financing for the construction of two seniors housing communities. The borrower was Fort Worth, Texas-based developer Aspens Senior Living.
LAUDERHILL, Fla. — Senior Living Investment Brokerage has arranged the sale of Lauderhill Manor, a 64-unit assisted living facility in the Miami suburb of Lauderhill, for $3.7 million.
NEWTON, Mass. — Benchmark Senior Living has selected Erland Construction to manage the construction of a 50-unit memory care community in the Boston suburb of Newton.
LOS ANGELES — Front Porch and Brookmore Apartment Corp. have acquired Vista Tower Apartments, a 230-unit affordable seniors housing community in Los Angeles, with plans to rehabilitate the property.
ST. LOUIS — The Gatesworth, a continuing care retirement community (CCRC) in St. Louis, has opened the doors on McKnight Place Assisted Living, the first phase of a $32 million expansion at the property.
FREMONT, Calif. — Cushman & Wakefield Senior Housing Capital Markets Group has arranged the sale of Fremont Hills, a 97-unit assisted living and memory care community in the Silicon Valley city of Fremont. The price was not disclosed.
YUMA, Ariz. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 151-unit assisted living community in Yuma for $3.1 million. The name of the community was not disclosed.
PARKVILLE, Md. — Birchwood Healthcare Properties has selected Charter Senior Living to take over management duties at Quail Run Assisted Living in the Baltimore suburb of Parkville.
GRAND RAPIDS, Mich. — Wolverine Building Group has promoted three senior project managers — Bill Pursifull, Jamerson Rise and Troy Redman — to vice president positions. All three will continue overseeing their current projects as they shift into their new leadership role.