Cadence Living, Ryan Cos. Complete 170-Unit Community in Mesa
MESA, Ariz. — Cadence Living and Ryan Cos. have opened Acoya Mesa, a 170-unit senior living community in Mesa.
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HJ Sims Funds $5.1M Mezzanine Loan for Expansion in Arizona
MESA, Ariz. — HJ Sims has provided $5.1 million in mezzanine financing for Madison Realty Cos.
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Resort Lifestyle Communities Completes New Developments in Arizona, Nevada
PEORIA, Ariz., and HENDERSON, Nev. — Resort Lifestyle Communities has completed construction of two independent living communities, Arrowhead Valley Retirement Resort in the Phoenix suburb of Peoria and Cactus Valley Retirement Resort in the Las Vegas suburb of Henderson.
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Life Care Services Underway with $100M Second Phase at Sagewood in Phoenix
PHOENIX — Life Care Services is developing the $100 million second phase at Sagewood in Phoenix. Westminster Capital is the joint venture development partner of the property, which opened in 2010 and currently has 316 units. Situated on 3.5 acres,
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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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Blueprint Arranges Sale of 103-Bed Skilled Nursing Facility in Tucson
TUCSON, Ariz. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Santé of Tucson, a 103-bed short-term rehabilitation and transitional care facility in Tucson.
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Chicago Pacific Founders Acquires 101-Unit Community in Arizona for $27M
SCOTTSDALE, Ariz. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Ranch Estates at Scottsdale, a 101-unit senior living community.
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Weitz to Build Two Arizona State Veteran Homes
YUMA and FLAGSTAFF, Ariz. — The Weitz Company and Arizona Department of Veterans’ Services (ADVS) are preparing to break ground on a new Arizona State Veteran Home in Yuma. This will be the second such home built by the partnership,
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Blueprint Brokers Sale of Two-Property Portfolio in Phoenix
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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Cadence Hires Wanda Tutelo as Executive Director of Community in Mesa, Arizona
MESA, Ariz. — Cadence Living, a senior housing owner, developer and operator based in Scottsdale, has hired Wanda Tutelo as executive director of Acoya Mesa. The community is scheduled to open this September in Mesa.
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Cadence Living Plans $46M Community in Chandler, Arizona
CHANDLER, Ariz. — Cadence Living has acquired 7.7 acres in Chandler, approximately 20 miles southeast of Phoenix, with plans to build a seniors housing community on the site.
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