BOCA RATON and ORLANDO, Fla. — Capital One has provided two loans — a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility — to Kayne Anderson Real Estate Advisors (KAREA). The loans will be used toward the planned $825 million acquisition of Sentio Healthcare Properties.
SEATTLE — Blueprint Healthcare Real Estate Advisors has arranged the $24.5 million sale of Foundation House, a 104-unit independent living and assisted living community in Seattle.
PAOLI, Pa. — KeyBank Real Estate Capital has arranged a $28.5 million Freddie Mac floating-rate mortgage loan for Daylesford Crossing in Paoli, approximately 16 miles northwest of Philadelphia.
HERRIMAN, Utah — Buchanan Street Partners has acquired a 298-unit age-restricted apartment community in the Salt Lake City suburb of Herriman for an undisclosed price.
The electrical power is starting to come back on at seniors housing communities throughout Florida after Hurricane Irma raked the west coast of the state. Operators throughout Florida are reporting mostly minor damage from the epic storm.
COLUMBUS, Ohio, and DALLAS — ORIX USA, a Dallas-based division of international financial services group ORIX Corp., has acquired Lancaster Pollard Holdings LLC. The acquisition price was more than $300 million, according to a report by Commercial Mortgage Alert.
KIRKWOOD, Mo. — Presbyterian Manor of Mid-America has announced a planned expansion and redevelopment at Aberdeen Heights, a 20-acre continuing care retirement community (CCRC) in the St. Louis suburb of Kirkwood.
LONG GROVE, Ill. — Capital One has provided a $21.5 million fixed-rate HUD 232/223(f) loan to refinance Avantara Long Grove, a 195-bed senior nursing facility in Long Grove, 35 miles northwest of Chicago.
SCOTTSDALE, Ariz., and NEWPORT BEACH, Calif. — Cadence Senior Living, a Scottsdale-based owner, developer and operator, and Emerald Real Estate Partners LLC, an investment management firm based in Newport Beach, have formed a strategic partnership for investing in seniors housing.
CEDARTOWN, Ga. — Charter Senior Living has named Veronica Martinez as executive director of Cedar Hill Senior Living, an assisted living and memory care community in Cedartown, located northwest of Atlanta near the Alabama border.