TOLEDO, Ohio — Welltower Inc. (NYSE: HCN) has announced major shake-ups in its C-Suite, extending CEO Thomas DeRosa’s contract for three years while eliminating the chief investment officer and chief operating officer positions currently held by Scott Brinker and Jeffrey Miller, respectively.
STAMFORD, Conn. — Cushman & Wakefield has arranged $23.3 million in financing for a joint venture between LCB Senior Living and Virtus Real Estate Capital, which will use the loan to build The Residence at Stony Ford, a 104-unit independent living, assisted living and memory care community.
SAN MATEO, Calif. — Elder Care Alliance has acquired The Villa at San Mateo, a 135-unit independent living community in San Mateo, located between San Francisco and San Jose.
PONTIAC, Ill. — Senior Living Investment Brokerage has negotiated the $7.5 million sale of Woodbridge, a 60-unit supportive living community in Pontiac, approximately 100 miles southwest of Chicago.
CHICAGO — Green Courte Partners LLC, a Chicago-based private equity investment firm, has closed its fourth investment fund, Green Courte Real Estate Partners IV LLC, at $503.2 million.
BEDFORD, Texas — Caddis has broken ground on Heartis MidCities, a 178-unit independent living, assisted living and memory care community in Bedford, approximately 14 miles northeast of Fort Worth.
TOLEDO, Ohio — A joint venture between Cindat Capital Management Limited and Union Life Insurance, both Chinese investment companies, has completed its purchase of 75 percent interest in a Welltower-owned portfolio of 28 skilled nursing facilities.
RIDGELAND, Miss. — Blake Management Group has hired Phil Benjamson as chief operating officer.
PROVIDENCE, R.I. — Tryko Partners has acquired Elmhurst Extended Care, a 206-bed skilled nursing facility on the Roger Williams Medical Center campus in Providence. The purchase price was not disclosed.
BARNEGAT, N.J. — Walters Group has opened Cornerstone at Barnegat, an income-restricted, age-restricted apartment community in the coastal New Jersey town of Barnegat.