ROCKVILLE, Md. — Ingleside at King Farm, a continuing care retirement community (CCRC) in Rockville, has promoted Frank Romonoski to general manager. In his new role, Romonoski will be responsible for plant operations and maintenance, and environmental services.
BETHESDA, Md. — GE Capital’s Healthcare Financial Services (HFS) has provided $48.5 million in financing to a joint venture of LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp.
OKLAHOMA CITY — Senior Living Investment Brokerage Inc. has arranged the sale of Quail Springs, an 80-unit assisted living and memory care community located in Oklahoma City for $5 million.
JACKSONVILLE, Fla. — Watercrest Senior Living Group and its development partner, Starling Senior Living, have broken ground on Watercrest of San Jose Assisted Living and Memory Care Community in Jacksonville.
NASHVILLE, TENN. AND GLASTONBURY, CONN. — Prudential Real Estate Investors (PREI) has acquired three assisted living and memory care communities in Tennessee and Connecticut for $110 million. Hearth Management, which previously owned the property through a joint venture partnership, has been retained by PREI as the property manager.
NEW YORK — A joint venture partnership between NorthStar Healthcare Income Inc. and NorthStar Realty Finance Corp. (NYSE: NRF) has acquired an $875 million portfolio of independent living facilities, following an SEC filing reported in April. NorthStar Healthcare and NorthStar Realty are both real estate investment trusts (REITs) externally managed by NorthStar Asset Management Group Inc. (NYSE: NSAM), a New York-based asset management firm focused on managing real estate and other investment platforms.
LEANDER, Texas — Cadence McShane Construction Company has completed construction on Legacy at Crystal Falls, a luxury senior living development, on behalf of PinPoint Commercial.
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