KANKAKEE, Ill. — Marcus & Millichap has arranged the sale of River Valley Supportive Living Residence, an 80-unit supportive living facility in Kankakee, approximately 60 miles south of Chicago. Supportive living is a program in Illinois that allows government reimbursement for assisted living-style services.
SUGAR LAND, Texas — Greystar has started pre-leasing at Overture Sugar Land, a 200-unit, age-restricted community in the Houston suburb of Sugar Land.
Operators must improve communication and data management to meet new regulatory requirements
PEACHTREE CITY and MARIETTA, Ga. — CBRE National Senior Housing has arranged the sale of Arbor Terrace Peachtree City and Arbor Terrace at East Cobb, two seniors housing communities in Georgia.
GREER, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the $10.1 million sale of The Cottages at Brushy Creek, a 144-bed skilled nursing facility in the Greenville suburb of Greer.
DALLAS, Ga. — Westminster Memory Care has nearly completed development of a 48-unit memory care community in Dallas, approximately 30 miles northwest of Atlanta.
CONWAY, Ark. — Abby Development has purchased 14 acres in Conway, approximately 20 miles north of Little Rock, with plans to develop Arabella of Conway, a 94-unit independent living, assisted living and memory care community.
CARMEL, Ind. — Mainstreet, a developer of skilled nursing facilities, has added three new employees to its Carmel headquarters.
PRESCOTT, Ariz. — Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living community for $18 million or $146,341 per unit.
LEE’S SUMMIT, Mo. — Parrot Properties, in partnership with Block & Co., has planned the $225 million Village at View High development in Lee’s Summit.