BROOKLINE, Mass. — Welltower has acquired the former Newbury College campus in the first-ring Boston suburb of Brookline for $34 million. The REIT plans to convert the property to seniors housing.
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CHULA VISTA, Calif. — The Mogharebi Group (TMG) has arranged the sale of Pacific Pointe Active Senior Living, a 111-unit active adult community in Chula Vista.
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COLLEGEVILLE, Pa. — Providence Place, a family-owned senior living company founded by former Pennsylvania governor George Leader, has opened a new location in Collegeville, a tiny borough approximately 25 miles northwest of Philadelphia.
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SPRINGFIELD, Ill. — Elevation Financial Group has acquired two affordable seniors housing communities in Springfield, located between Chicago and St. Louis, for a total price of $10.7 million.
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OGDEN, Utah — Blueprint Healthcare Real Estate Advisors has arranged the sale of Washington Terrace Center, a 120-bed skilled nursing facility in Ogden, a northern suburb of Salt Lake City.
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CHICAGO — Riding the strength of a strong labor market and robust consumer spending, the U.S. economy remains healthy, asserts former Federal Reserve Chair Janet Yellen. But she cautions that a weak business investment climate, fallout from President Donald Trump’s
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ROCKVILLE, Md. — Dallas-based Silverstone Senior Living has started construction of The Seneca of Rockville, a seniors housing community in the Washington, D.C. suburb of Rockville.
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CARMEL, IND. — Cushman & Wakefield has arranged the $61 million sale of The Barrington of Carmel, a 267-unit continuing care retirement community in Carmel, a suburb of Indianapolis.
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KENTUCKY — Blueprint Healthcare Real Estate Advisors has arrange the sale of 10 skilled nursing facilities in Kentucky. The specific properties and sales price were not disclosed.
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OCALA, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Timberridge Rehabilitation & Nursing Center, a 180-bed skilled nursing facility in Ocala, approximately 70 miles northwest of Orlando.
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SAN ANTONIO and AUSTIN, Texas — CIT Group Inc. (NYSE: CIT), through its Healthcare Finance group, has served as sole lead arranger on a $27.2 million loan for two assisted living facilities in Texas.
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WHITE PLAINS, N.Y. — A joint venture between Congress Building Corp. and Consigli Construction have completed construction of The White Plains Institute for Rehabilitation and Healthcare in White Plains, about 15 miles northeast of New York City.
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VANCOUVER, Wash. — Access Industries, an international investor largely focused on the industrial sector, has partnered with Vancouver-based seniors housing owner-operator JEA Senior Living.
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INMAN, S.C. — Blueprint Healthcare Real Estate Advisors has brokered the sale of two skilled nursing facilities in Inman, approximately 10 miles northwest of Spartanburg.
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NORTH OGDEN, Utah — A partnership between MedCore Partners, Trinity Private Equity Group, TNRG and UMB Bank has acquired The Lodge at North Ogden, located approximately 40 miles north of Salt Lake City.
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GREENVILLE, S.C. — Phoenix Senior has taken over operations of Autumn Leaves Greenville, rebranding the property as The Pearl at Eastside.
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LAKE MARY, Fla. — Sonata Senior Living has announced plans to develop Sonata Lake Mary, a 193-unit seniors housing community in Lake Mary, approximately 15 miles north of Orlando.
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ALABAMA, GEORGIA and OKLAHOMA — Blueprint Healthcare Real Estate Advisors has arranged the sale of four skilled nursing facilities in Alabama, Georgia and Oklahoma.
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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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IRWIN, Pa. — The Knapp Group of Marcus & Millichap has brokered the sale of two seniors housing properties in Irwin, approximately 20 miles southeast of Pittsburgh.
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A partnership between management/consulting firm American Healthcare Management Group and interior designer Spellman Brady & Co. has unveiled Elevate Senior Living, a pre-designed seniors housing development concept.
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MIAMI — Lloyd Jones, a seniors housing and multifamily investment firm based in Miami, has appointed Tod Petty as executive vice president of Lloyd Jones Senior Living.
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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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RICHMOND, Texas — CIT Group served as sole lead arranger for a $34 million financing for an assisted living community in Richmond, approximately 25 miles southwest of Houston.
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TRUMBULL, Conn. — Resort Lifestyle Communities (RLC) will host a groundbreaking ceremony Sept. 19 for River Valley, an independent living community in Trumbull.
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LANDISVILLE, MILLERSVILLE and KULPMONT, Pa. — KeyBank Real Estate Capital has provided $28 million in HUD-insured financing for Persimmon Ventures.
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ANDERSON, S.C. — Evans Senior Investments has arranged the sale of Ellenburg Nursing Center, a 181-bed skilled nursing facility in Anderson, located southwest of Greenville near the Georgia border.
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