NEW YORK CITY — New York-based Meridian Capital Group’s seniors housing and healthcare team has arranged $60 million in financing for two portfolios of memory care assets across Ohio, Georgia, South Carolina, Colorado, California and Tennessee. Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian negotiated the two transactions, which will refinance existing debt on the properties. In the first transaction, Meridian arranged $27.5 million for four memory care facilities totaling 264 beds in Ohio and Georgia. The five-year loan features a fixed rate and limited personal guarantees. In the …
Colorado
DENVER — Cappella Living Solutions, a Denver-based operator, has assumed management of 12 senior living properties across Texas, Colorado and the Midwest. The operational switch serves three separate ownership groups, and the communities serve more than 800 seniors.
FORT COLLINS, Colo. — Co-developers MorningStar Senior Living and Haselden Real Estate Development, in partnership with local landowner and developer J.D. Padilla, have announced plans to develop MorningStar Senior Living at Old Town, an urban senior living project in Fort Collins’ Old Town. Located at the corner of North College Avenue and Cherry Street, the property will feature 160 independent living, assisted living and memory care units. MorningStar at Old Town will be a mixed-use urban development offering a mix of office and retail space for intergenerational connection. The partnership plans …