OCEAN GROVE, N.J. — Institutional Property Advisors (IPA) has arranged the sale of Francis Asbury Manor, a 131-unit assisted living facility in Ocean Grove, a coastal community adjacent to Asbury Park.
MACUNGIE and PALMERTON, Pa. — A joint venture between Care Investment Trust LLC and Inspirit Senior Living has acquired The Villages at Palmerton in Palmerton and The Willow in Macungie for $13 million.
BIRMINGHAM, Ala. — A joint venture between multiple companies has broken ground on The Bluffs at Greystone, a 132-unit independent living, assisted living and memory care community in Birmingham.
PHILADELPHIA — Healthcare Transactions Group Inc. has arranged the sale of the operations of an eight-location, 1,906-bed skilled nursing portfolio in Pennsylvania.
NEW YORK CITY — New York-based Monticello Asset Management, through one of its investment vehicles, has provided $69.3 million in acquisition financing for a four-property skilled nursing portfolio in Massachusetts.
NEW YORK CITY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $7 million Fannie Mae cash-out refinance loan for a 69-unit assisted living facility located in Central Georgia.
BRENTWOOD, Tenn. — Zhonghong Zhuoye Group Co. Ltd., a Chinese real estate investor, has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living (NYSE: BKD), according to a report by news agency Reuters, which cited people familiar with the matter.
LOS ALTOS, Calif. — ABHOW will cut the ribbon next week on a $100 million expansion at The Terraces at Los Altos, a continuing care retirement community in Los Altos, which is located between San Jose and San Francisco.
Lynne Katzmann has a simple mandate for the seniors housing industry: we must cooperate between companies in order to improve overall performance. This goes for all stakeholders in the industry, including the technology providers and related healthcare services.
KISSIMMEE, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the capitalization of Sage Park Assisted Living and Memory Care at Osceola Corporate Center, a $30 million seniors housing community currently under development in the Orlando suburb of Kissimmee.