REDDING, Calif. — CBRE has arranged an undisclosed amount of financing for Ray Stone Inc., which will use the capital to acquire River Oaks Retirement Community, a 102-unit independent living community in Redding, approximately 160 miles north of Sacramento.
CHARLOTTESVILLE, Va. — Commonwealth Assisted Living has changed its name to Commonwealth Senior Living to better reflect the breadth of the operator’s offerings, which include independent living, assisted living and memory care.
IRVINE, Calif. — HCP (NYSE: HCP) has sold a portfolio of 64 properties leased to Brookdale Senior Living Inc. for $1.1 billion. Affiliates of Blackstone Real Estate Partners VIII LP bought the properties.
IRVINE, Calif. — Quality Care Properties, the spinoff of HCP’s ManorCare skilled nursing portfolio, has begun trading on the New York Stock Exchange under the symbol QCP WI.
MIDLOTHIAN, Texas — Civitas Senior Living, has unveiled plans for Legacy Oaks at Midlothian, a 156-unit independent living, assisted living and memory care community in the Dallas suburb of Midlothian.
FRANKFORT, Ky. — Domnion Senior Living, a Tennessee-based, nonprofit developer, has unveiled plans for an $8 million seniors housing community in Frankfort.
OGDEN, Utah — Marcus & Millichap (NYSE: MMI) has arranged the sale of an undisclosed skilled nursing facility in Ogden for $7.5 million.
SIERRA MADRE, Calif. — RED Capital Group has arranged a $29 million Fannie Mae loan for Kensington SM GP LLC, which will use the capital to refinance The Kensington Sierra Madre, a luxury assisted living and memory care community in the Los Angeles suburb of Sierra Madre.
CHICAGO — Evans Senior Investments, a Chicago-based brokerage, has arranged the $19 million sale of two personal care communities totaling 126 units in Pennsylvania.
CARY, N.C., and LOS ANGELES — Capital Funding Group has provided three separate loans totaling $25 million for seniors housing communities in North Carolina, California and Texas.