SHREWSBURY, N.J. — CBRE has arranged construction financing totaling $16.7 million for The Chelsea of Shrewsbury, an 85-unit assisted living and memory care community in Shrewsbury, approximately 50 miles south of New York City.
SALT LAKE CITY — Bridge Investment Group, an investment fund manager headquartered in Salt Lake City, has completed a $1.6 billion in equity commitments, which will be managed by the company’s subsidiary, Bridge Debt Strategies Fund Manager LLC.
CHARLESTON, S.C. — Frampton Construction Co. LLC, a regional full-service construction firm, has added Selby Austin as project engineer in the Charleston office.
CHICAGO — Enlivant, a Chicago-based owner operator, has acquired a portfolio of four assisted living communities, three in Indiana and one in Iowa, for $14.3 million, or $102,000 per unit.
NORTH OLMSTEAD, Ohio — Monticello Asset Management, through one of its investment vehicles, has originated $37 million in first lien debt financing for Clermont Nursing Realty LLC, a skilled nursing owner based in the Central Ohio city of North Olmstead.
KNOX CITY, Texas — Senior Living Investment Brokerage has arranged the sale of an undisclosed skilled nursing facility in Knox City area for $1.3 million. The property is located between Dallas and Lubbock.
LOS ANGELES — Housing & Healthcare Finance has arranged a $6 million HUD refinancing for a 99-bed skilled nursing facility in the greater Los Angeles area. The name of the facility was not disclosed.
MESA, Ariz. —Thoma-Holec Design LLC, an interior design firm serving the senior living industry, has promoted Keith Stanton to director of design development. Stanton currently serves as senior interior designer.
Aging in place is increasingly important as ¼ of seniors may become ‘elder orphans’
SHREWSBURY, MT. LAUREL and MORRIS PLAINS, N.J. — Capitol Seniors Housing (CSH), a senior living investment and development firm based in Washington, D.C., has completed construction of Arbor Terrace Morris Plains, an 82-unit assisted living and memory care community in Morris Plains. In addition, the company announced plans for two new communities in Shrewsbury and Mt. Laurel.