ROWLETT, Texas — Dallas-based real estate equity firm RCP Properties LLC and Dallas-based Matteo Realty Partners have formed a joint venture to develop a 40-unit memory care community in the Dallas suburb of Rowlett.
OLATHE, Kan. — Monticello Asset Management LLC has originated $6.3 million in first lien debt financing to Olathe Property Holdings LLC and AHO LLC. The borrowers will use the funds to acquire a 147-bed skilled nursing facility in Kansas.
ANOKA, Minn. — HJ Sims has underwritten $40.6 million in bonds to refinance debt on The Homestead at Anoka, a nonprofit seniors housing community in the Minneapolis suburb of Anoka.
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) has awarded an 18-month research grant to NORC at the University of Chicago. The grant will fund a research study of the middle-market seniors population — those between the lowest and highest income levels.
DECATUR, Ill. — Senior Living Investment Brokerage has arranged the sale of Keystone Gardens and Keystone Meadows, both seniors housing communities in Decatur, for $11.2 million.
PORT ST. JOE, Fla. — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the $9.3 million sale of The Bridge at Bay St. Joe, a 120-bed skilled nursing facility in Port St. Joe, located on the Gulf Coast on the Florida Panhandle.
NEW YORK CITY — Eastern Union Funding has hired Nachum Soroka as vice president of the company’s healthcare finance group.
CHARLESTON, S.C. — Frampton Construction, a regional construction firm that includes seniors housing properties, has hired Katherine Panke as marketing coordinator in the company’s Charleston office.
BETHESDA, Md. — Quality Care Properties Inc. (NYSE: QCP), the spinoff company of healthcare REIT HCP, has entered into a forbearance agreement with its principal tenant, HCR III Healthcare LLC and its parent HCR ManorCare Inc.
GILBERT, Ariz. — The Weitz Company has completed construction of Savanna House, a 119,000-square-foot assisted living and memory care facility in Gilbert.