WEST PALM BEACH, Fla. — SunTrust Banks Inc. has arranged a $138 million tax-exempt senior secured credit facility for MorseLife Health System.
GREEN BAY and APPLETON, Wisc. — Summit Healthcare REIT Inc. has acquired four assisted living and memory care communities in Green Bay and Appleton for $18.4 million.
MIAMI — Pillar has arranged an $11.9 million loan to refinance the Residential Plaza at Blue Lagoon, a 14-story, 350-unit seniors housing facility in Miami.
IRVINE, Calif. —WNC, an investor focused on affordable real estate including seniors housing, has named 35-year industry veteran Howard Heitner to its advisory board.
CARMEL, Ind. — Seniors housing developer Mainstreet has acquired a portfolio of 10 skilled nursing communities in the Chicago area, as well as controlling interest in publicly traded Canadian real estate company Kingsway Arms Retirement Services (KWA).
EUGENE, Ore. — CBRE National Senior Housing has arranged construction financing for the construction of The Springs at Greer Gardens, a 216-unit independent living, assisted living and memory care community in Eugene.
BURLESON, Texas — Mustang Creek Estates has broken ground on Mustang Creek Estates of Burleson, a $7 million assisted living and memory care community in the Fort Worth suburb of Burleson.
FRANKLIN, Tenn. — Winter Construction has broken ground on a new Canterfield Senior Living community in Franklin, a southern suburb of Nashville.
GRANBURY, WOODVILLE, JACKSONVILLE and LONGVIEW, Texas — Summit Healthcare REIT Inc. has acquired a 10 percent interest in four skilled nursing facilities located in the cities of Granbury, Woodville, Jacksonville and Longview, Texas, for $27 million in a sale-leaseback transaction.
NEW BEDFORD, Mass. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Kindred Hallmark, a 107-bed skilled nursing facility in the coastal Massachusetts town of New Bedford, for $3.2 million.