CLEARWATER, Fla. — A partnership between Autumn Senior Living and Small Brothers LLC has unveiled plans for Aravilla Clearwater, a 170,000-square-foot assisted living and memory care community in Clearwater, a coastal suburb of Tampa.
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PORTLAND, Ore. — Walter Bowen, real estate developer, founder of BPM Real Estate and an early pioneer in the assisted living industry, has sold six seniors housing communities. The disposition marks Bowen’s exit from the seniors housing industry.
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CHICO, Calif. — CBRE has arranged $24.5 million in financing for Westmont Living.
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CHICAGO— Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable seniors housing community in Chicago’s Englewood neighborhood.
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WEST POINT, Pa. — Acts Retirement-Life Communities, a nonprofit owner-operator based in West Point, has made six appointments at both the corporate and community level.
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AVENTURA, Fla. — Rieber Developments has unveiled plans for 12|12 Aventura, a mixed-use project with offices for medical professionals, a luxury senior living component and retail. The project is planned for a plot in Aventura, a northern suburb of Miami.
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WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) has issued $50 million in bond financing for the construction of The Residences at Southern Avenue in Washington, D.C.
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BRENTWOOD, Tenn. — KeyBank Real Estate Capital has secured an $111.1 million Freddie Mac loan for Brookdale Senior Living. Based in Brentwood, the publicly traded company is the largest owner and operator of seniors housing in the United States.
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PENSACOLA, Fla. — Florida-based general contractor Summit Contracting Group has started construction on Lucas Creek, an affordable seniors housing development in Pensacola, located on the panhandle near the Alabama border.
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OSHKOSH, Wis. — National Health Investors Inc. (NYSE: NHI) will fund a $10.8 million construction loan for a 66-bed assisted living and memory care community in Oshkosh, located along Lake Winnebago between Green Bay and Milwaukee.
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FULTON, Md. — Capitol Seniors Housing has opened Arbor Terrace Fulton, an assisted living and memory care community in Fulton, approximately 20 miles north of Washington, D.C.
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RIVERSIDE, Calif. — CBRE has arranged the sale of Orangeville Senior Living and Madison Villa Arms, two active adult communities in Riverside, approximately 50 miles east of Los Angeles.
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FORT WORTH, Texas — Discovery Senior Living has started pre-leasing at Discovery Village At Alliance Town Center, a 98-unit assisted living and memory care community in Fort Worth.
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PHOENIX — Blueprint Healthcare Real Estate Advisors has arranged the sale of two seniors housing campuses totaling 384 beds/units in metro Phoenix.
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MINNESOTA and SOUTH DAKOTA — Contemporary Healthcare Capital has provided a $4.2 million mezzanine loan to affiliates of Cascade Capital Group LLC.
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ANNAPOLIS, Md. — Occupancy in U.S. skilled nursing facilities reached 83.7 percent in the first quarter of 2019, representing the first year-over-year increase since January 2015.
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NORTHBROOK, Ill. — Skender, serving as base building and interior construction manager, has completed an expansion project at North Shore Place in Northbrook, approximately 20 miles north of Chicago.
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COOKEVILLE, Tenn. — Walker & Dunlop Inc. has structured a $5.8 million loan through the United States Department of Housing and Urban Development (HUD) for Walnut Village, an affordable seniors housing community in Cookeville, approximately midway between Knoxville and Nashville.
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ZEELAND, Mich. — Leisure Living has broken ground on Riley’s Grove, a 44-unit assisted living community in Zeeland, about 20 miles southwest of Grand Rapids.
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CHARLOTTE, N.C. — Maxwell Group, parent company to Senior Living Communities, Wellmore and Living Long Well Care, has promoted Ben Thompson to president. Thompson has been with the company for nine years.
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COLUMBIA, S.C. — Discovery Senior Living has opened Discovery Village At Sandhill, a 187-unit independent living community in Columbia.
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ARVADA, Colo. — Co-developers MorningStar Senior Living and Confluent Senior Living have completed construction of MorningStar of Arvada, a seniors housing community in the Denver suburb of Arvada.
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MADISON, Wis. — Associated Bank has completed $4.7 million in new construction financing and placement of $6.2 million in low-income housing tax credit (LIHTC) equity for Point Place Senior Apartments in Madison.
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TEXAS — Live Oak Bank has provided a $10 million conventional loan for the acquisition and renovation of a 90-unit assisted living and memory community.
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SEATTLE — M&T Realty Capital Corp. has hired James Schneider II as senior managing director, William Roach and Madeleine Roach as managing directors, and Shawn Needham as production analyst.
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MIAMI — Allegro has opened the doors on Allegro Dadeland, a 23-story seniors housing tower in the Dadeland district of Miami.
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BRENTWOOD, Tenn. — The Weitz Company has completed construction of the Redbud expansion project at The Heritage at Brentwood, a senior living community located 20 miles south of Nashville in Brentwood.
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