Blueprint Negotiates Sale of 33-Unit Memory Care Community in Dallas
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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CBRE Arranges Acquisition Loan for 120-Unit Assisted Living, Memory Care Asset in Near West Palm Beach
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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1031 Crowdfunding Acquires 100-Bed Assisted Living, Memory Care Facility in Southern California for $20.1M
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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Regional Operator Buys 55-Bed Ocean Park Memory Care in Oregon for $3.4M
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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BMO Harris Healthcare Funds $21M Credit Facility to Finance Acquisition of Assisted Living, Memory Care Asset in Arizona
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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Partnership to Develop 160-Unit MorningStar Senior Living at Old Town in Colorado
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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Insight Senior Living Breaks Ground on 72-Unit Assisted Living, Memory Care Facility in Albuquerque
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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Chicago Pacific Founders Acquires Assisted Living, Memory Care Community in Richardson, Texas
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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CBRE Capital Markets Arranges Loan for Two-Property Assisted Living Portfolio in Texas
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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BMO Harris Healthcare Closes $19.5M Acquisition Loan for 132-Unit Seniors Housing Community in Indiana
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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Guest Services Senior Living, Northstar Commercial Partners Unveil Renovation Plans for Community in Vista, California
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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Carefield Living Completes $6M Renovation Project in Salinas, California
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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Lancaster Pollard Provides $14.6M Loan for Memory Care Property in Ohio
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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Watercrest Promotes Sheena Jeffries to Engagement Specialist in Memory Care Program
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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Realty Capital Partners, Matteo Realty Partners Acquire Memory Care Community in Dallas
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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Phoenix Senior Living Acquires Autumn Leaves Community in South Carolina
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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Blueprint Brokers Sale of Five-Property Portfolio in Midwest
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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Sterling Estates Opens Memory Care Expansion in Metro Atlanta
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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Silverado Prepares to Open $12M Memory Care Community in Orange County
BREA, Calif. — Silverado plans to open Silverado Brea, located approximately 20 miles southeast of Los Angeles, by the end of summer 2019.
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SunTrust Provides $37.5M Financing for Memory Care Expansion in Mississippi
RIDGELAND, Miss. — SunTrust Banks has served as sole lender of a $37.5 million refinancing for The Orchard, a seniors housing community in Ridgeland, a northern suburb of Jackson.
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CBRE Arranges $17.5M Fannie Mae Refinancing for Community Near Seattle
ISSAQUAH, Wash. — CBRE has arranged a $17.5 million in Fannie Mae financing for Fieldstone Memory Care of Issaquah, a 60-unit memory care community.
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Capital Square 1031 Acquires Memory Care Community in Houston
HOUSTON — Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, has launched an investment fund for the acquisition of a memory care community in the Kingwood neighborhood of Houston.
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Arbor Funds $7.5M Fannie Mae Loan for Community in Connecticut
HAMDEN, Conn. — Arbor Realty Trust Inc. has funded $7.5 million in Fannie Mae DUS financing for Meadow Mills Assisted Living & Memory Care.
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Charter Senior Living Takes Over Operations of Memory Care Community Near Chicago
GLEN ELLYN, Ill. — Charter Senior Living has been selected to manage Autumn Leaves of Glen Ellyn, a 46-unit memory care community in Glen Ellyn, approximately 23 miles west of Chicago.
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Watercrest, United Properties Break Ground on 198-Unit Community in Sarasota, Florida
SARASOTA, Fla. — Watercrest Senior Living Group and United Properties have broken ground on Watercrest Sarasota Senior Living Community, a 198-unit luxury senior living campus in Sarasota, along Florida’s Gulf Coast.
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SunTrust Provides $69.5M Acquisition Financing for Three-Property Portfolio in California
LOS ANGELES and OAKLAND — SunTrust Banks Inc. (NYSE: STI) has provided $69.5 million in financing to support Watermark Retirement Communities and Kayne Anderson’s acquisition of three senior living communities in California.
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Blake, Cardinal Ventures Plan 88,000 SF Community in South Carolina
GREENVILLE, S.C. — Cardinal Ventures Inc., together with Blake Management Group, has unveiled plans for The Blake at Hollingsworth Park, a resort-style senior living community in Greenville.
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