IRVINE, Calif. — Real estate investment company WNC has closed WNC Institutional Tax Credit Fund X California Series 13 LP, a $75 million institutional low-income housing tax credit (LIHTC) fund. The fund, which includes seven investors, will acquire nine properties in California.
BETHLEHEM, BOYERTOWN and YORK, Pa. — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of a portfolio of three Heritage Senior Living communities for $87.5 million.
MASHPEE, Mass. — A joint venture of operator Epoch Senior Living and investment firm National Development has opened Bridges by Epoch at Mashpee, a memory care community near Cape Cod.
MAYTOWN and FAYETTEVILLE, Pa. — Blueprint Healthcare Real Estate Advisors, a brokerage based in Chicago, has arranged the sale of an assisted living community and a continuing care retirement community (CCRC), both in Central Pennsylvania.
FORT BELVOIR, Va. — The Fairfax, a military retirement community in Fort Belvoir owned and operated by Sunrise Senior Living, has become the first seniors housing community to receive wildlife sanctuary certification from the Audubon Society.
INDIANA, Pa. — Nonprofit operator Presbyterian Senior Living is renovating St. Andrew’s Village, a continuing care retirement community (CCRC) in Indiana, for $10 million. The renovation includes a new 1,700-square-foot community living and learning center and two garden courtyards.
SYRACUSE, N.Y. — Red Capital Partners, the proprietary debt and equity banking arm of lender Red Capital Group, has provided a $36.5 million loan to Investment360 for the acquisition of James Square Health and Rehabilitation Centre, a skilled nursing facility in Syracuse.
FAIR OAKS, Texas — Sodalis Elder Living plans to complete construction on Sodalis at Fair Oaks, an assisted living and memory care facility in Fair Oaks, in the fall of 2016.
ARLINGTON, Texas — Dallas-based healthcare real estate firm Caddis has begun construction on Heartis Arlington, an 81-unit assisted living community in Arlington.
BLOOMINGTON, Ind. — Indiana-based developer Mainstreet and Kentucky-based operator Trilogy Health Services have opened a new skilled nursing facility, Stonecroft Health Campus, in Bloomington.