LAKEWOOD, Colo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and private real estate investors, has brokered the sale of Bethany Rehabilitation Center, a skilled nursing and short-term rehabilitation facility in Lakewood. The $17.95 million sales price equates to $105,600 per licensed bed
FT. LAUDERDALE, Fla. — Glavovic Studio, a Fort Lauderdale-based architecture, urban design and planning firm, is nearing completion of renovating the Sailboat Bend Apartments, a seven-story, 105-unit affordable housing community for seniors in downtown Fort Lauderdale.
NORWALK, Conn. — A combination of growing investment demand, abundant capital and low interest rates resulted in many records set in the seniors housing and care acquisition market in 2014, according to a soon-to-be-published study from Irving Levin Associates.
TYLER, TEXAS — Capital One Bank has provided a $15.5 million loan to finance the acquisition of Meadow Lake, a continuing care retirement community in Tyler.
BETHESDA, Md. — Berkeley Point Capital has closed a $24.2 million Freddie Mac 7-year fixed rate term loan with an interest-only period for ROC Seniors Housing Fund Manager LLC, a subsidiary of Bridge Investment Group Partners LLC. The loan facilitated ROC’s purchase of Courtyard at Jamestown, a 132-unit assisted living and dementia care seniors housing community located in Provo, Utah that opened in 1999.
CLEVELAND — C.C. Hodgson Architectural Group has named Richard Kieley a partner. Kieley, who has been with the firm for 16 years, has worked on projects ranging from senior living centers to multi-family communities throughout the country including Ohio, Florida, and Washington, D.C. where the firm has offices.
TOLEDO, Ohio — Fitch Ratings has raised the corporate credit rating of Health Care REIT Inc. (NYSE:HCN) to BBB+ with a stable outlook from BBB. The report cites the company’s private pay portfolio in strong demographic areas and relationship investing strategy, ability to generate steady cash flow growth and improving credit metrics for the upgrade.
COOPER CITY, Fla. — Senior Lifestyle Corp. plans to break ground on The Sheridan at Cooper City, a 111-unit assisted living and memory care community in Cooper City, Fla., this spring.
TERRE HAUTE, Ind. — Mainstreet and Trilogy Health Services are preparing to open a new seniors community, Harrison’s Crossing Health Campus, in Terre Haute. Located at 395 8th Ave., Harrison’s Crossing Health Campus will provide transitional care (short-stay rehabilitation and therapy) and assisted living.
LOS ANGELES — CBRE Group Inc. has hired two employees for its National Senior Housing Investment Sales Practice, Lisa Widmier as executive vice president and Deborah Street as vice president, both of CBRE Capital Markets.