INDIANAPOLIS — PR Mortgage & Investments, together with its wholly owned subsidiary RICHMAC Funding LLC, has rebranded as Merchants Capital.
Company News
NEW YORK CITY and LOUISVILLE, Ky. — Related Cos., a privately owned, New York-based real estate firm, has entered into a joint venture with Atria Senior Living, a Louisville-based operator of more than 21,000 units of seniors housing. The companies plan to develop more than $3 billion of new seniors housing communities together over the next five years.
CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, a Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., today announced that it has been approved as a Seniors Housing Lender for Freddie Mac.
DES MOINES, Iowa — As part of the company’s plans to grow its rental seniors housing business, Life Care Services has hired Rick Westermann as vice president and senior director of marketing sales, and GeLynna Shaw as senior vice president and senior director of operations.