VIRGINIA and TEXAS — Meridian Capital Group’s seniors housing and healthcare team arranged $58 million in senior and mezzanine financing to refinance a portfolio of memory care facilities in Virginia and Texas. The team also arranged the sale of an
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NAPLES, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Juniper Village at Naples, a 60-unit memory care community in Naples, located along the Gulf of Mexico in South Florida.
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RENO, Nev. — Mission Senior Living has completed an eight-bed memory care expansion at Summit Estates Senior Living and Memory Care in Reno.
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JEFFERSON COUNTY, Colo. — Lancaster Pollard, a division of ORIX Real Estate Capital, has assisted Applewood Our House in refinancing a portfolio of five memory care facilities in Jefferson County.
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ESCONDIDO, Calif. — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired Vista del Lago, a memory care facility in Escondido, for $12.6 million.
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KEARNEY, Neb. — Lancaster Pollard Mortgage Co. has arranged an $8 million term loan for CountryHouse of Kearney, a 36-unit memory care community in Kearney.
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ATLANTA — Seniors housing investors are pumping the brakes on acquiring memory care facilities as the property type’s fundamentals and high turnover have proven to be worrisome.
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CHICAGO — Pathway to Living, a Chicago-based developer, owner and operator of seniors housing communities and senior housing arm of Chicago-based real estate investor and operator Waterton, has hired Julie Ackley as director of its A Knew Day Memory Support
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SAN DIMAS, Calif. — Advocacy Development Partners has broken ground on The Terraces at Via Verde, a 32-unit memory care community in San Dimas, a city in the San Gabriel Valley of Los Angeles County.
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DALLAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 33-unit memory care community in the Turtle Creek neighborhood of Dallas.
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PALM BEACH GARDENS, Fla. — CBRE National Senior Housing has secured financing for the acquisition of HarborChase of Palm Beach Gardens, an assisted living and memory care facility in Palm Beach Gardens, 15 miles north of West Palm Beach, Fla. The
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RANCHO CUCAMONGA, Calif. — 1031 CF Properties, an affiliate of 1031 Crowdfunding, has purchased an assisted living and memory care facility located in Rancho Cucamonga for $20.1 million. Meridian Senior Living operates the 100-bed property. Additional terms of the transaction were
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BROOKINGS, ORE. — A regional operator has acquired Ocean Park Memory Care, a memory care facility located on Route 101 in Brookings. An undisclosed REIT sold the property for $3.4 million. Situated on 16.9 acres, the 21,026-square-foot facility features 40 units
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MARANA, Ariz. — BMO Harris Bank’s Healthcare Real Estate Finance group has provided a $21 million credit facility for the acquisition of Watermark at Continental Ranch, an assisted living and memory care community in Marana. The borrowers are Kayne Anderson Real
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FORT COLLINS, Colo. — Co-developers MorningStar Senior Living and Haselden Real Estate Development, in partnership with local landowner and developer J.D. Padilla, have announced plans to develop MorningStar Senior Living at Old Town, an urban senior living project in Fort Collins’
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ALBUQUERQUE — West Linn, Ore.-based Insight Senior Living has broken ground on Amaran Senior Living, an assisted living and memory care community in Albuquerque. The project team includes Paaru Builders, Montessori One Academy and Dekker/Perich/Sabatini. Located at 9100 Holly Ave. NE,
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RICHARDSON, TEXAS — Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management, have purchased Twin Rivers Assisted Living and Memory Care, a seniors housing community located in Richardson. Situated on five acres, the community features 83 assisted living
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BOERNE AND ROUND ROCK, Texas — CBRE Capital Markets has arranged a three-year, floating-rate loan, including 24 months of interest-only payments, on behalf of a joint venture between Harrison Street and Franklin Development Properties for the refinancing of two assisted living
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BLOOMINGTON, Ind. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed a $19.5 million acquisition loan for Gentry Park Senior Living, a seniors housing community located at 901 S. Hastings Drive in Bloomington. The owners are an institutional private
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VISTA, Calif. — Guest Services Senior Living and Northstar Commercial Partners have joined forces to renovate and rebrand Vista Gardens, a memory care facility in Vista, approximately midway between Los Angeles and San Diego.
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SALINAS, Calif. — Carefield Living has completed a $6 million renovation of Madonna Gardens Assisted Living and Memory Care in Salinas, approximately 60 miles south of San Jose.
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POWELL, Ohio — Lancaster Pollard Mortgage Co. has provided a $14.6 million Fannie Mae loan to refinance The Ganzhorn Suites of Powell.
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VERO BEACH, Fla. — Watercrest Senior Living Group has promoted Sheena Jeffries to the executive leadership team in a newly created role as engagement specialist.
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DALLAS — A joint venture between Realty Capital Partners (RCP) and Matteo Realty Partners has acquired the former Silverado Memory Care of Turtle Creek, located in the Turtle Creek neighborhood of Dallas.
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FORT MILL, S.C. — Phoenix Senior Living has acquired Autumn Leaves of Fort Mill, a in Fort Mill, located just across the state border from Charlotte, N.C.
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INDIANA and OHIO — Blueprint has arranged the sale of a five-property assisted living and memory care portfolio in Indiana and Ohio.
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MARIETTA, Ga. — Sterling Estates has opened The Grande at Sterling Estates, a memory care expansion at Sterling Estates of West Cobb in the Atlanta suburb of Marietta.
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