PORTLAND, Ore. — Walter Bowen, real estate developer, founder of BPM Real Estate and an early pioneer in the assisted living industry, has sold six seniors housing communities. The disposition marks Bowen’s exit from the seniors housing industry.
OSHKOSH, Wis. — National Health Investors Inc. (NYSE: NHI) will fund a $10.8 million construction loan for a 66-bed assisted living and memory care community in Oshkosh, located along Lake Winnebago between Green Bay and Milwaukee.
NORTHBROOK, Ill. — Skender, serving as base building and interior construction manager, has completed an expansion project at North Shore Place in Northbrook, approximately 20 miles north of Chicago.
ZEELAND, Mich. — Leisure Living has broken ground on Riley’s Grove, a 44-unit assisted living community in Zeeland, about 20 miles southwest of Grand Rapids.
MECHANICSVILLE, Va. — M&T Realty Capital Corp. has closed a $28.5 million Fannie Mae Seniors Housing loan for the refinance of a 106-unit assisted living facility located in Mechanicsville.
MASON, Ohio — Live Oak Bank has provided a $6.9 million conventional construction loan for a 41-unit assisted living and memory care development in Mason, a suburb of Cincinnati.
PLANO, Texas, and TAMPA and JENSEN BEACH, Fla. — Solvere Living, the operations management division of St. Petersburg, Florida-based Solutions Advisors Group (SAG), has added three senior living communities to its management portfolio.
