HOUSTON — Paul Chapman, executive vice president and chief development officer of Belmont Village Senior Living, has passed away after a short illness, according to a release from the American Seniors Housing Association (ASHA). Chapman was 64.
TEXAS — KeyBank Real Estate Capital provided a total of $192.5 million in Freddie Mac loans to Kayne Anderson Real Estate Advisors for a six-property seniors housing portfolio located throughout Texas.
CINCINNATI — Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired Northgate Park Senior Living, a 124-unit seniors housing community in Cincinnati, for an undisclosed price.
LAS CRUCES, N.M. — National Healthcare Development, an affiliate of National Healthcare Realty, has completed the development of Welbrook Las Cruces, a 50-bed skilled nursing facility in Las Cruces, approximately 40 miles north of El Paso, Texas.
TARZANA and ORANGE COUNTY, Calif. — iBorrow, a private direct lender for commercial real estate, has provided a $16.5 million loan for assisted living facilities in the Los Angeles suburbs of Tarzana and Orange County.
DELRAY BEACH, Fla. — Big Rock Partners has completed the initial public offering for Big Rock Acquisition Corp. (NASDAQ: BRPAU), a special purpose acquisition company (SPAC) that will seek investments in the seniors housing sector.
HOBE SOUND, Fla. — Senior Lifestyle Corp. and CA Senior Living have broken ground on The Sheridan at Hobe Sound, a 125-unit assisted living and memory care community in Hobe Sound, approximately 100 miles north of Miami.
SURPRISE, Ariz. — Koelsch Communities has acquired Rock Creek Memory Care Community in the Phoenix suburb of Surprise. JEA Senior Living sold the community for an undisclosed price.
TEMPLE, SAN ANGELO, WINDCREST and SAN ANTONIO, Texas — Lancaster Pollard has closed four separate transactions totaling $29.3 million for Granite Investment Group, a real estate investor based in Irvine, Calif.
LAKEWOOD, New Jersey — Life Care Services has announced plans for a $38 million expansion and renovation of Harrogate, a continuing care retirement community in Lakewood, located south of New York City and east of Philadelphia.