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GLEN COVE, N.Y. — Pillar has provided a $32.5 million HUD loan for the rehabilitation of The Regency at Glen Cove, an assisted living community and memory care on Long Island. At the end of the project, the community will have 132 units.
TOLEDO, Ohio — Welltower Inc. (NYSE:HCN), the largest healthcare REIT in the United States by market cap, has closed a $3.7 billion unsecured credit facility, replacing the company’s previous facility and expanding the total by $500 million.
LITTLE CANADA, Minn. — Grandbridge Real Estate Capital has closed a $17.9 million loan for the construction of Cardigan Ridge, a 120-unit independent living, assisted living and memory care community in the Twin Cities suburb of Little Canada.
SAN CLEMENTE, Calif. — Gary Sabin will retire from the CareTrust REIT Inc. (NASDAQ: CTRE) board of directors. Sabin is leaving the company for a senior leadership position within The Church of Jesus Christ of Latter-day Saints.