PRINCETON, Minn. — Lancaster Pollard has arranged a $6 million FHA loan to refinance Sterling Pointe Senior Living, a 57-unit independent living, assisted living and memory care community in Princeton, approximately 50 miles north of Minneapolis.
INDIANAPOLIS — A private equity investment fund has purchased Traditions at Reagan Park and Traditions at Solana, both independent living, assisted living and memory care communities in the Indianapolis metropolitan area, for $44.8 million.
PLANO, Texas — Mainstreet, a skilled nursing developer based in Indiana, has opened The Healthcare Resort of Plano, a 100-bed skilled nursing and rehabilitation facility in the Dallas suburb of Plano.
BOISE, Idaho — The Terraces of Boise has received its state license to provide on-site skilled nursing services and is now accepting residents.
BE AIRE, Kansas — Ascension Senior Living and the Catholic Diocese of Wichita has hired Cindy LaFleur as executive director of the Catholic Care Center in the Wichita suburb of Bel Aire.
STOCKBRIDGE, Ga. — Omega Communities has unveiled plans for Lake Vista at Eagle’s Landing, a 150-unit continuing care retirement community (CCRC) in Stockbridge, approximately 20 miles southeast of Atlanta.
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COLUMBUS, Ohio — A clear majority of seniors housing executives plan to start new construction projects in 2016, although they are slightly less ambitious than they were a year ago, according to an online survey of 295 executives by Columbus-based lender Lancaster Pollard.
ITHACA, N.Y. — The Kendal Corp. has opened the first phase of the repositioning and expansion of Kendal at Ithaca, a full-service seniors housing community located on a 105-acre campus in Ithaca. The opening marks the completion of a $30 million expansion, which began in 2012.
ORONO, Maine — Chicago Pacific Founders (CPF) and its subsidiaries CPF Living Communities and Grace Management Inc. have acquired Dirigo Pines, a 163-unit seniors housing community in the Bangor suburb of Orono, for an undisclosed sum.