LAKEWOOD, Colo. — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzpatrick Capital for the construction of Lakewood Memory Care, a Class A development located just outside of Denver.
Development
KEARNS, Utah — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed a $13.86 million balance sheet loan to Link Development LLC for the construction of Summit Senior Living, located just outside Salt Lake City.
VINCENNES, IND. — Flaherty & Collins Properties and Myszak + Palmer will host a grand opening ceremony for Clark’s Crossing, a senior living center in Vincennes, on March 18. The property is located at 300 N. 6th St. Clark’s Crossing features 47 one- and two-bedroom apartment homes, which include fully equipped kitchens with energy efficient appliances, hardwood flooring, oversized closets, and washers and dryers.
SEBASTIAN, Fla. — Watercrest Senior Living Group, Walker & Company construction, MBV Engineering and Sebastian city officials have broken ground for Pelican Landing Assisted Living and Memory Care in Sebastian. Watercrest — the developer, owner and operator of the 65,000-square-foot, 89-unit senior living community — plans to open the building to residents in the spring of 2016.
FT. LAUDERDALE, Fla. — Glavovic Studio, a Fort Lauderdale-based architecture, urban design and planning firm, is nearing completion of renovating the Sailboat Bend Apartments, a seven-story, 105-unit affordable housing community for seniors in downtown Fort Lauderdale.
TERRE HAUTE, Ind. — Mainstreet and Trilogy Health Services are preparing to open a new seniors community, Harrison’s Crossing Health Campus, in Terre Haute. Located at 395 8th Ave., Harrison’s Crossing Health Campus will provide transitional care (short-stay rehabilitation and therapy) and assisted living.
WESTMINSTER, Colo. — LTC Properties, Inc. (NYSE:LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, and Anthem Memory Care have opened a new 60-unit memory care community located in Westminster, Colo., near Denver.