WICHITA, Kan. — KeyBank Community Development Lending and Investment (CDLI) has secured $10 million of construction and permanent financing for an affordable seniors housing property in Wichita. The borrower is Denver-based Steele Properties, which will use the funds to acquire and renovate Shadyway Plaza. The community was built in 1979 and features 100 one-bedroom apartments in a seven-story building. All units are reserved for seniors and disabled resident earning up to 60 percent of area median income. Monroe Group Ltd., Steele Properties’ sister company, will manage the property, which is …
Kansas
ANDOVER, Kan. — Dwight Capital has provided a $14 million HUD refinancing for Victoria Falls, a 164-bed assisted living and skilled nursing facility in Andover. The assisted living building and skilled nursing building — built in 2004 and 2010, respectively — are situated on 7.2 acres. Together, the Victoria Falls buildings total 106,660 square feet. Clint Miller of Dwight Capital originated the transaction.
WICHITA, Kan., and OKLAHOMA CITY — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities located near Oklahoma City and Wichita. A publicly traded REIT and a national operator sold the properties to a family-owned operator based in Kansas. The prices, names and specific locations were not disclosed. With a combined 52 total units and 16,000 square feet, the primarily private pay communities were built in 1993/1994 and renovated in 2016. Both were over 90 percent occupied. Ben Firestone, Michael Segal and Alex Florea of …
NEBRASKA, IOWA and KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of 15 skilled nursing facilities in Nebraska, Iowa and Kansas. Blueprint facilitated the sale in connection with the seller’s restructuring of its business arrangements with its tenant.
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