GIG HARBOR, Wash. — Emerald Communities, a Seattle-based operator, has started construction of Heron’s Key, a 275-unit continuing care retirement community (CCRC) in Gig Harbor, approximately 40 miles southwest of Seattle.
DURHAM, N.C. — Ziegler, a specialty investment bank, has arranged $34.5 million in tax-exempt, fixed-rate bonds issue on behalf of The United Methodist Retirement Homes (UMRH).
MONTREAL — Harborview Capital Partners has arranged a $47.6 million loan for Montreal-based The Rosdev Group to purchase an 11-property skilled nursing and memory care portfolio throughout the U.S.
MORAGA, Calif., PLEASANT HILL, Calif., and PHOENIX — Grace Healthcare has sold Grace Healthcare of Moraga, Grace Healthcare of Pleasant Hill and Grace Healthcare of Phoenix for a total of $14.7 million. The dispositions mark the owner-operator’s exit from the states of California and Arizona.
NEW YORK CITY — Welltower Inc. (NYSE: HCN), the largest healthcare real estate investment trust (REIT) in the United States by market cap, and Hines, an international real estate firm, have announced plans for a 15-story assisted living and memory care community at the corner of 56th Street and Lexington Avenue in Midtown Manhattan.
AUSTIN, Texas — Austin-based developer W2 Real Estate Partners and its joint venture senior housing partner Bridgewood Property Co. have revealed plans for The Village at the Triangle, a 206-unit seniors housing community within the Triangle mixed-use development in Austin.
CHICAGO — Ventas Inc. (NYSE: VTR) has elected Walter Rakowich, retired CEO of Prologis, and Roxanne Martino, CEO of Aurora Investment Management, to its Board of Directors. Rakowich will serve on the company’s Audit and Compliance Committee and Martino will serve on its Executive Compensation Committee.
CLEVELAND — KeyBank has provided a total of $17.8 million to Hough Heritage, a 60-unit affordable seniors housing property in Cleveland.
GAINESVILLE, Fla. — Doster Construction Co. has started construction of Arbours at Tumblin Creek, a 64-unit seniors housing community for military veterans in Gainesville.
WINTER GARDEN, Fla. — Sonata Senior Living, an Orlando-based owner/operator, has planned a 113-unit, $30 million community adjacent to its existing Serenades by Sonata memory care community in the Orlando suburb of Winter garden.