CHICAGO — Harrison Street Real Estate Capital LLC, a private equity firm, has purchased the “Nellie Black” property at the former Children’s Memorial Hospital in the Lincoln Park neighborhood of Chicago. Harrison Street plans to partner with operator Belmont Village Senior Living to convert the property into a seniors housing property named Belmont Village Lincoln Park.
CHICAGO — KeyBank Real Estate Capital has provided a $182 million Freddie Mac loan and a $142 million corporate credit facility to Enlivant, a Chicago-based owner and operator of nearly 200 seniors housing communities throughout the United States.
MERRILLVILLE, Ind. — McShane Construction Co. has completed the construction of Merrillville Memory Care, a 48-unit memory care community in Merrillville, approximately 40 miles southeast of Chicago.
PHOENIX — Gardner Capital Development has announced plans for El Caro Seniors Residence, an $18 million, 102-unit affordable seniors housing property in Phoenix.
BROOKINGS, Ore. — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the $1 million sale of Macklyn Place, a 36-unit assisted living community in Brookings, located along the Pacific Coast near the California border.
FLOWER MOUND, Texas — Avanti Senior Living, a seniors housing developer and operator based in Texas, has hired three executive-level employees for its upcoming Avanti Seniro Living at Flower Mound community in the Dallas/Fort Worth area.
AUGUSTA, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the $3.7 million sale of Amara Healthcare & Rehab, a 213-bed skilled nursing facility in Augusta, along the border of Georgia and South Carolina.
COVINGTON, La. — Evans Senior Investments has arranged the $22 million sale of The Trace at Claiborne Hill, a 94-unit independent living, assisted living and memory care community in Covington, approximately 40 miles north of New Orleans.
PHILADELPHIA — Lancaster Pollard, a lender based in Columbus, Ohio, has hired Miles Kingston and Tony Ruberg as bankers out of the company’s Philadelphia office. Both will provide seniors housing and healthcare clients with investment banking, mortgage banking, private equity, balance sheet financing and M&A advisory services.
CARLSBAD, Calif. — Integral Senior Living (ISL), an operator based in Carlsbad, has hired Leslie Quintanar as regional director of operations, where she will oversee operations of several ISL communities.