KANSAS CITY, Mo. — Real Estate Equities Development, a Minnesota-based development and management firm, has announced plans for The Village Cooperative of Verona Hills, a seniors housing cooperative in Kansas City.
HOUSTON, DALLAS and AUSTIN, Texas — KeyBank Real Estate Capital has provided $202.1 million in Freddie Mac financing to a joint venture between Kayne Anderson Real Estate Advisors and Discovery Senior Living.
FORT MYERS, Fla. — A joint venture between Fortress Ventures, Compass Real Estate and AIG Global Real Estate has broken ground on Thrive at Beachwalk, a 125-unit assisted living and memory care community in Fort Myers.
DALLAS — UMB Bank, a subsidiary of UMB Financial Corp. (NASDAQ: UMBF), has hired Mina Castaneda as senior vice president of healthcare lending out of the company’s Dallas office.
HOFFMAN ESTATES, Ill. — A joint venture between Health Care Properties (HCP) and Brookdale has announced plans for a $1 million renovation and expansion of Brookdale Hoffman Estates Golf Road in the Chicago suburb of Hoffman Estates.
SKILLMAN, N.J. — SunTrust Bank has provided a $56 million refinancing and new term loan for the expansion and renovation of Stonebridge at Montgomery, a continuing care retirement community in Skillman, located midway between New York City and Philadelphia.
NORTH ANDOVER, Mass. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance team has arranged the $30.3 million refinancing of Brightview North Andover, a 133-unit independent living, assisted living and memory care community in the Boston suburb of North Andover.
NEW YORK CITY — Brandlin & Associates, an accounting firm in Los Angeles that serves the seniors housing industry, has hired Martin Cauz as a managing director.
NEW BRAUNFELS, Texas — Memory Care America, an operator based in Nashville, has opened Memory Care of New Braunfels, a 64-bed memory care community in the San Antonio suburb of New Braunfels.
KEENE, Texas — Senior Living Investment Brokerage has arranged the $7.7 million sale of Chisholm Trail Estates, an 88-unit independent living and memory care community in Keene, approximately 45 miles southwest of Dallas.