LINCOLN, Neb. — Ziegler has arranged $38 million in bond financing for Eastmont, a continuing care retirement community (CCRC) in Lincoln. Proceeds of the Bonds, along with other available funds, will be used to finance an expansion project. Transforming Age operates the community, which opened in 1968. Currently, the community comprises 121 independent living apartments, 53 assisted living apartments and 22 skilled nursing beds. The expansion will add a four-story building featuring 50 independent living apartments. In addition, Eastmont plans to convert 10 assisted living apartments into five penthouse independent …
Nebraska
Lument Provides $41.5M Refinancing for Hillcrest Country Estates Grand Lodge in Papillion, Nebraska
PAPILLION, Neb. — Lument has provided a $41.5 million Freddie Mac loan to refinance Hillcrest Country Estates Grand Lodge, an upscale senior living community in Papillion, a suburb of Omaha. Set on Hillcrest Country Estates’ 44-acre campus, which offers the full continuum of care, Grand Lodge was built in 2015 and features 102 independent living apartments and 60 assisted living and memory support apartments. Quintin Harris, managing director and head of Lument’s Midwest seniors housing and healthcare team, spearheaded the transaction along with Doug Harper and Casey Moore, managing directors …
OMAHA, Neb. — Immanuel has started construction of new assisted living and memory care units, as well as new common areas, at Pacific Springs, a seniors housing community in West Omaha. The expansion is scheduled to open in fall 2021. Pacific Springs is located adjacent to the Pacific Springs Golf Club and currently offers exclusively independent living. Renovation plans also include enhanced common spaces such as a fitness center and wellness studio; onsite restaurant and lounge featuring a golf simulator; outdoor areas and walking paths; and a chapel adorned with …
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.