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.
TUCSON, Ariz. — CBRE has arranged $75.4 million in supplemental financing for a seven-property portfolio of continuing care retirement communities owned by a joint venture that includes The Freshwater Group and Watermark Retirement Communities.