PMMA Breaks Ground on $140M Aberdeen Ridge CCRC in Colorado Springs

COLORADO SPRINGS, Colo. — Presbyterian Manors of Mid-America (PMMA) has broken ground on Aberdeen Ridge, a continuing care retirement community (CCRC) campus in Colorado Springs. In 2018, PMMA acquired a Texas nonprofit corporation, which owned an undeveloped 15.3-acre site within…

Tryko Partners Acquires 415-Bed CCRC Campus in Langhorne, Pennsylvania

LANGHORNE, Pa. — Tryko Partners has expanded its Greater Philadelphia real estate presence with the acquisition of the Attleboro Community, a continuing care retirement community in Langhorne. The 415-bed campus has been rebranded as Oxford Enhanced Senior Living. “Bucks County…

Ziegler Arranges $52M Bridge Loan for Kalakaua Gardens in Honolulu

HONOLULU — Ziegler has arranged a bridge loan placement totaling $52 million for Kalakaua Gardens, a continuing care retirement community in Honolulu. The property features 164 units of independent living, assisted living, memory care and skilled nursing. The borrower is…

Ziegler Arranges $40.1M Bond Financing for Ohio Living

WESTERVILLE, Ohio — Ziegler has arranged $40.1 million in bond financing for Ohio Living, a Westerville-based owner-operator. Ohio Living owns and operates 12 senior living communities located throughout the state of Ohio, nine of which are full-service continuing care retirement…

Ziegler Arranges $39.4M Bond Financing for Simpson in Pennsylvania

BALA CYNWYD, Pa. — Ziegler has arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three continuing care…

Vium Funds $21.3M Bridge Loan for Bria of Trinity in Milwaukee

MILWAUKEE — Vium Capital has provided a $21.3 million bridge loan for Bria of Trinity, a continuing care retirement community in Milwaukee. The loan provides funds for the acquisition of the property. The seller was seeking an exit from a…

Lenbrook Completes $108M Campus Expansion in Atlanta

ATLANTA — Lenbrook, an independent continuing care retirement community in Atlanta, has completed a $108 million expansion at the community. The project, named Kingsboro at Lenbrook, will add 53 independent living units, common areas, event space and a regulation croquet…

Harbor’s Edge Completes 24-Story River Tower Expansion in Norfolk, Virginia

NORFOLK, Va. — Harbor’s Edge, an independently owned continuing care retirement community in Norfolk, has completed construction of River Tower, a 24-story, 147-unit expansion. Dallas-based architecture firm Three designed the new building, which expands the community’s offerings across the continuum…