Development

LITTLE CANADA, Minn. — Grandbridge Real Estate Capital has closed a $17.9 million loan for the construction of Cardigan Ridge, a 120-unit independent living, assisted living and memory care community in the Twin Cities suburb of Little Canada.

FORT COLLINS, Colo. — Real Estate Equities Development has announced its plans to build Village Cooperative of Fort Collins, an age-restricted community in Fort Collins, approximately 65 miles north of Denver.

SHAWNEE, Kan. — Real Estate Equities Development, a Minnesota-based development and management firm, has opened Village Cooperative of Shawnee, a 53-unit community for seniors in the Kansas City suburb of Shawnee.

WACO, Texas — Caddis, a Dallas-based developer, has opened Heartis Waco, an 81-unit seniors housing community in Waco.

MARIETTA, Ga. — NorthMarq Capital has arranged a credit enhancement and joint venture sponsor to finance the construction of The Arbor Terrace at Burnt Hickory, a 92-unit community in the Atlanta suburb of Marietta.