WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE:LTC), a seniors housing and healthcare real estate investment trust based in Westlake Village, has completed the previously announced acquisition of a 10-property portfolio for $142 million.
Use of light gauge structural frame (LGSF) panels helps maximize efficiency, reduce project costs and shorten construction timelines.
METROPOLIS, Ill. — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of Misty Meadows Senior Living Center, an independent living community in Metropolis near the southern border of the state, for $4.4 million.
HIGH SPRINGS and ORLANDO, Fla. — Bank Leumi USA, a full-service commercial and private bank, has provided $16.7 million in total refinancing to Plantation Oaks Senior Living Management, a Florida-based owner/operator.
SANTA ROSA, Calif. — Greystone, a real estate lending, investment and advisory company, has provided a $58.3 million Freddie Mac loan to refinance Varenna at Fountaingrove, a 163-unit independent living facility in Santa Rosa, just north of San Francisco.
POUGHKEEPSIE, N.Y. — Lancaster Pollard has arranged a $12.3 million refinance for Lutheran Care Center at Concord Village, a 160-bed skilled nursing facility in Poughkeepsie, a town along the Hudson River in Upstate New York.
ZEPHYRHILLS, Fla. — American House Senior Living Communities has acquired Commons on Pretty Pond, an independent living, assisted living and memory care community in Zephyrhills.
ANAMOSA, Iowa — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of Silvercrest of Anamosa, a 45-unit assisted living and memory care community, for $1.3 million.
CHICAGO — Care Capital Properties Inc. (NYSE: CCP), the skilled nursing spinoff of giant healthcare REIT Ventas (NYSE: VTR), officially began trading on the New York Stock Exchange today. The company will ring the closing bell to celebrate its first day of trading.
NEW YORK — New Senior Investment Group Inc. (NYSE: SNR) has completed the previously announced acquisition of 28 private pay, independent living properties from affiliates of Holiday Retirement for $640 million.