STREAMWOOD, Ill. — Denver-based Spectrum Retirement Communities has opened Westbrook Senior Living, a 152-unit independent living, assisted living and memory care community in Streamwood, approximately 35 miles northwest of Chicago.
MADISON, Ala. — Metropolitan Capital Advisors has arranged $18.8 million in construction financing for Shepherd Living at the Range, a 124-bed assisted living and memory care community in the Huntsville suburb of Madison.
BRUSH, Colo. — Eben Ezer Lutheran Care Center has selected OZ Architecture, a Denver-based firm, to redesign the assisted living and memory care community, located in Brush, approximately 90 miles northeast of Denver.
MINOT, N.D. — Investors Real Estate Trust (NYSE: IRET), a publicly traded REIT based in Minot, has entered into six separate sales agreements with Edgewood Senior Living and its affiliates. The deals will result in Edgewood buying 26 IRET-owned seniors housing communities and one standard multifamily community for $236 million.
SEATTLE — Ziegler, a specialty investment bank, has priced $130.3 million in fixed-rate bonds for Presbyterian Retirement Communities Northwest (PRCN), a nonprofit operator of three continuing care retirement communities (CCRCs) in Seattle.
VANCOUVER, Wash. — Prestige Care, a Vancouver-based operator of seniors housing communities in the West, has acquired six communities in Washington and Idaho from industry pioneer Carl Campbell. The price was not disclosed
NEW YORK CITY and MIDDLETOWN, N.Y. — Capital Funding Group (CFG), a Baltimore-based lender, has provided two HUD refinancing loans for skilled nursing facilities in New York totaling $68.3 million.
SUNSET HILLS, MO. — Senior Lifestyle Corp. has broken ground on The Sheridan at Laumeier Park, a 69,000-square-foot seniors housing community in Sunset Hills, approximately 15 miles southwest of St. Louis.
TAMPA, Fla. — Rookis Investment Partners and Gulf Coastal Development have announced plans to add 139 independent living apartments to Arbor Terrace at Citrus Park, an assisted living and memory care community in Tampa.
WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) and Seniors Housing Business magazine have released the 2016 ASHA 50, which catalogues the largest 50 owners and operators of seniors housing communities in the United States.