Development

CHARLESTON, S.C. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance team has arranged a $9.5 million first mortgage loan for Benton House.

PRAIRIE VILLAGE, Kan. — Tutera Senior Living & Health Care will soon break ground on Mission Chateau Senior Living, an independent living, assisted living and memory care community in the Kansas City suburb of Prairie Village.

BROWN DEER, Wis. — New Perspective Senior Living has nearly finished work on a 133-unit independent living, assisted living and memory care community in the Milwaukee suburb of Brown Deer. The community is scheduled to open in early August.

CHICAGO — Harrison Street Real Estate Capital LLC, a private equity firm, has purchased the “Nellie Black” property at the former Children’s Memorial Hospital in the Lincoln Park neighborhood of Chicago. Harrison Street plans to partner with operator Belmont Village Senior Living to convert the property into a seniors housing property named Belmont Village Lincoln Park.

PHOENIX — Gardner Capital Development has announced plans for El Caro Seniors Residence, an $18 million, 102-unit affordable seniors housing property in Phoenix.