ATLANTA — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has arranged a $229.3 million agency credit facility, which is secured by a portfolio of 14 seniors housing properties. The borrower was not disclosed.
LITITZ and LANCASTER, Pa. — Legend Senior Living has partnered with Signature Senior Living to own and manage two assisted living and memory care communities in Pennsylvania.
ROUND ROCK and CEDAR PARK, Texas — Spectrum Retirement Communities has broken ground on The Enclave at Round Rock Senior Living and The Enclave at Cedar Park Senior Living, both luxury seniors housing communities in the suburbs north of Austin.
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the sale of six skilled nursing properties in Iowa. The price and specific properties were not disclosed.
TOMBALL, Texas — Love Funding has secured a $2.6 million bridge-to-HUD loan, which will fund the acquisition of as assisted living and memory care community in the Houston suburb of Tomball.
DARIEN, Conn. — Cushman & Wakefield has arranged $34 million in construction financing for LCB Senior Living, which will use the capital to build The Residence at Selleck’s Woods, a 105-unit independent living, assisted living and memory care community in Darien.
DETROIT — Presbyterian Villages of Michigan (PVM) and Hartford Memorial Baptist Church have opened Hartford Village, an 84-unit seniors housing community in Detroit.
BIRMINGHAM, Ala. — Methodist Homes of Alabama & Northwest Florida has opened a new rehabilitation center at Fair Haven, a continuing care retirement community in Birmingham.
NEW YORK CITY — Leumi, a New York-based lender, has hired Daniel Csillag as group head for the company’s healthcare program on the Northeast Middle Market team.
As competition heats up, some turn to smaller markets or infill opportunities while others experiment with product mix.