STRATFORD, Conn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Atria Stratford, a 100-unit assisted living and memory care community located in Stratford. A publicly traded REIT sold the property to partners of Woodbine Senior Living for an undisclosed price. Developed in 1999, the 87,000-square-foot community features 76 assisted living and 24 memory care units. The property previously boasted an average assisted living occupancy of 98 percent, but was struggling with new competition in the market, according to Blueprint. Ben Firestone, Steve Thomes, Michael Segal and Alex …
Connecticut
PLAINFIELD, Conn. — Greystone has provided an $8 million HUD-insured loan to refinance Colonial Health & Rehab Center, a 90-bed skilled nursing facility in Plainfield near the Rhode Island border. The fully amortizing financing features a 35-year term and fixed interest rate. The refinancing replaces a bridge loan that Greystone provided for the acquisition of the property. Lisa Fischman of Greystone originated the transaction. The borrowers were Curtis Rodowicz and Robert Darigan, the property’s co-owners.
Coastal States Bank Funds $13.1M Acquisition Loan for Assisted Living Asset in Connecticut
by Jeff Shaw
STRATFORD, Conn. — Coastal States Bank has provided a $13.1 million senior loan to affiliates of Woodbine Senior Living. The financing will be used for the acquisition of a 100-unit licensed assisted living community in Stratford. Excess funds will be used to help bring the 88,825-square-foot property to stabilization. The name of the property was not released. Woodbine Senior Living partnered with Locust Point Capital, which provided a $5 million preferred equity investment.
NEW HAVEN, Conn. — HJ Sims has closed $45.8 million in financing for The Mary Wade Home, a healthcare facility in New Haven that offers a skilled nursing center, residential care home services, adult day medical health center, physical rehabilitation and transportation services.
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