AVONDALE, Ariz. — TransEquity Development has purchased a 5.7-acre site in the Phoenix suburb of Avondale for $600,000. The developer plans to build an assisted living and memory care community on the vacant plot.
GIG HARBOR, Wash. — Emerald Communities has opened Heron’s Key, an 18-acre continuing care retirement community (CCRC) in the Seattle suburb of Gig Harbor.
FORT LAUDERDALE, Fla. — The Fort Lauderdale City Commission has approved Ocean Land Investments’s proposed Riverwalk Residences of Las Olas project. The community will offer 401 units of independent living, assisted living and memory care in the South Florida city of Fort Lauderdale.
SANDY, Utah — Marcus & Millichap (NYSE: MMI) has arranged the sale of Rosegate Sandy, a 159-unit active adult community in the Salt Lake City suburb of Sandy, for $23.8 million.
TRAVERSE CITY, Mich. — CBRE has arranged an undisclosed amount of financing for Cordia Senior Living and Cypress Partners. The money will be used toward Cordia at Grand Traverse Commons, a 110-unit independent living and assisted living community in Traverse City.
RYE, N.H. — Valencia Realty Capital has arranged $13 million in financing for National Health Investors (NYSE: NHI). The loan package will be used toward NHI’s acquisition of Evolve at Rye, a 40-unit memory care community in Rye, located along the Atlantic Ocean near the Maine border.
TACOMA, Wash. — Berkeley Point Capital has provided a $9.3 million FHA 232/223(f) refinancing for Spring Ridge Assisted Living & Memory Care, a 63-unit community in the Seattle suburb of Tacoma.
DALLAS — Seniority Inc., a senior living management company headquartered in Dallas, has promoted Jonathan Carrier to chief development officer.
CHARLESTON, S.C. — Frampton Construction Co., a regional full-service construction firm that works frequently in seniors housing, has hired Alex Milford as a project engineer.
APPLETON, Wis., and MOOSIC, Pa. — Pillar Financial, a division of SunTrust Bank, has arranged $20.8 million in HUD financing for Oakridge Gardens Nursing Center in Appleton and Oakwood Terrace in Moosic.