CLEWISTON, LAKELAND and ST. PETERSBURG, Fla. — Senior Living Investment Brokerage Inc. has arranged the sale of three skilled nursing facilities in Florida totaling 436 beds for $39.9 million.
CINCINNATI — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Victory Park Nursing Home, a 55-bed skilled nursing facility, and Victoria Retirement Community, a skilled nursing and assisted living community with 90 skilled nursing beds and 69 assisted living units. Both facilities are located in Cincinnati.
CHATTANOOGA, Tenn. — Berkadia has originated $68.8 million in financing for a portfolio of eight seniors housing communities operated by Morning Pointe, a Chattanooga-based developer and operator.
CHANTILLY, Va. — The Arbor Company has started construction on Arbor Terrace Fairfax, a 48-unit memory care community in Chantilly, approximately 25 miles west of Washington, D.C.
SAN FRANCISCO — On Lok, the San Francisco-based parent company of several seniors housing-related subsidiaries, has named Grace Li as the company’s new chief executive officer.
KILGORE, Texas — Civitas Senior Living has acquired Arabella of Kilgore, an independent living, assisted living and memory care community in the East Texas town of Kilgore, for an undisclosed price.
CEDAR FALLS, Iowa — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Cedar Falls Health Care Center, an 82-bed skilled nursing facility in Cedar Falls, for $5 million.
ATLANTA — Grandbridge Real Estate Capital, an Atlanta-based lender, has closed three loans totaling $52 million for three communities in Massachusetts and Washington State.
GRAND RAPIDS, Mich. — Lancaster Pollard has provided an $11 million, FHA-insured refinancing for Vista Springs Northview, an 88-unit assisted living community in Grand Rapids.
Presbyterian Retirement Communities Northwest Hires Executive Director, Promotes Two to VP Positions
SEATTLE — Presbyterian Retirement Communities Northwest, a nonprofit seniors housing operator, has announced two promotions and a hiring at the company’s Seattle headquarters.