Development

ATLANTA — SunTrust Banks Inc. (NYSE: STI) has provided $86 million in financing first-phase construction of Village Park Senior Living.

DEER VALLEY, Ariz. —The Bruckal Development Group of Arizona, in partnership with Ridgeline Properties of Ann Arbor, Mich., has opened Deer Valley Senior Living in Deer Valley, a suburb of Phoenix.

PHILADELPHIA — Presby’s Inspired Life has opened Witherspoon Senior Apartments, an adaptive reuse project that turned a former nursing home into affordable seniors housing in Southwest Philadelphia.

LOS ANGELES — South Bay Partners Inc., through a joint venture with LAMB Properties LLC, has acquired two parcels totaling 2.7 acres in the Woodland Hills neighborhood of Los Angeles. Plans call for an eight-story midrise seniors housing community on the property.

GLEN MILLS, Pa. — LCB Senior Living has broken ground on The Residence at Chadds Ford, an independent living, assisted living and memory care community in Glen Mills, located west of Philadelphia and north of Wilmington, Del.

DELRAY BEACH, Fla. — BRP Senior Housing Management, an affiliate of Big Rock Partners, has acquired a 15-acre site for a luxury seniors housing community in the Palm Beach County city of Delray Beach.