FISHERS, Ind. — AHEPA Affordable Housing Management Co. (AMC) has reached an agreement with Gardant Management Solutions to assume management of two affordable assisted living lifestyle communities located in Indiana, effective March 1. Through its newly launched subsidiary, Hellenic Management
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ELKHART, Ind. — Greystone has provided a $23.8 million HUD-insured loan to refinance Hubbard Hill, a nonprofit continuing care retirement community (CCRC) in Elkhart, located near the Michigan border east of South Bend. The community recently expanded to 220 units
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BLOOMFIELD HILLS, Mich. — Rose Senior Living, a Bloomfield Hills-based owner, has selected Life Care Services to operate Rose’s entire portfolio of seniors housing communities. The portfolio includes: Heritage at Irene Woods, Memphis, Tennessee; Rose Senior Living and Rose Villas,
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EVANSVILLE, Ind. — Evans Senior Investments (ESI) has brokered the sale of Pine Haven Health & Rehab Center, a 113-bed skilled nursing facility in Evansville, in the southwest corner of the state near the Kentucky border. An owner-operator focused on
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CHICAGO — Evans Senior Investments (ESI), a Chicago-based brokerage firm, has arranged the sale of 21 skilled nursing facilities in the Midwest. The transactions represented the exit from the long-term care industry of a a regional owner-operator. The portfolio consisted
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INDIANAPOLIS — Discovery Senior Living has unveiled plans for a multi-million-dollar capital investment and renovation of Discovery Commons at College Park, a 116-unit independent living community located in Indianapolis. The multi-phase project will include interior and exterior improvements. The initial
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INDIANAPOLIS — M&T Realty Capital Corp. has provided a $26.4 million bridge loan for the acquisition of an 811-unit independent living property in Indianapolis. The financing features 80 percent loan-to-value ratio, a two-year term, a fixed rate of 4.7 percent
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INDIANAPOLIS — Elevation Financial Group, through its Elevation Real Property Fund VII, has Crestwood Village East in Indianapolis for $20 million, or $40,300 per unit. The property sits on 20 acres and features 496 units ranging from 430 to 1,130
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LAWRENCEBURG, Indiana — Evans Senior Investments (ESI) has arranged the sale of Shady Nook Care Center, a 94-bed skilled nursing facility in Lawrenceburg, located along the Ohio River near the Kentucky and Ohio borders. An independent owner-operator with only this
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MUNCIE, Ind. — Strawberry Fields REIT has acquired The Waters of Muncie, a skilled nursing facility located in Muncie, approximately 50 miles northeast of Indianapolis. The buyer paid $3.2 million in an all-cash deal. The Waters of Muncie is a
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FERDINAND, Ind. — Trilogy Health Services has opened Scenic Hills at The Monastery, a seniors housing campus in Ferdinand, located in the southern portion of the state approximately 75 miles west of Louisville, Kentucky.
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TERRE-HAUTE, Ind. — Alliant Capital has invested an undisclosed amount for the development of Miller Parrott Lofts, an affordable seniors housing community in Terre-Haute.
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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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DENVER — Cappella Living Solutions, a Denver-based operator, has assumed management of 12 senior living properties across Texas, Colorado and the Midwest. The operational switch serves three separate ownership groups, and the communities serve more than 800 seniors.
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COLUMBUS, Ind. — Leo Brown Group has started construction of Traditions of Columbus, a 129-unit independent living, assisted living and memory care community.
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BLOOMINGTON, Ind. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed a $19.5 million acquisition loan for Gentry Park Senior Living, a seniors housing community located at 901 S. Hastings Drive in Bloomington. The owners are an institutional private
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INDIANA and OHIO — Blueprint has arranged the sale of a five-property assisted living and memory care portfolio in Indiana and Ohio.
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PENNSYLVANIA, MARYLAND and INDIANA — National Health Investors Inc. (NYSE: NHI) has entered into a joint venture with affiliates of its current tenant, Discovery Senior Living, in order to purchase six seniors housing communities.
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FORT WAYNE, Ind. — Vermillion Development, a Chicago-based real estate firm, has opened Silver Birch Fort Wayne, an affordable seniors housing community in Fort Wayne. Design and engineering firm HED partnered on the project.
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