GAITHERSBURG, Md. — Kisco Senior Living and joint venture partner Welltower (NYSE: WELL) have broken ground on The Carnegie at Washingtonian Center, an independent living, assisted living and memory care community in Gaithersburg, approximately 20 miles northwest of Washington, D.C.…
COLUMBIA, Md. — Brightview Senior Living has opened Brightview Columbia in Columbia, approximately midway between Baltimore and Washington, D.C. The community, Brightview’s 45th, features 91 independent living units, 53 assisted living units and 26 memory care units. Brightview Columbia was…
BETHESDA, Md. — MidCap Financial has provided a $46 million, floating-rate, first mortgage loan for Fortress Investment Group. The funds will facilitate the acquisition of a portfolio of five senior housing communities totaling 444 units across South Florida. Sonata Senior…
GLENARDEN, Md.— Pennrose has started leasing at Residences at Glenarden Hills II, the second of the six-phase Glenarden Hills master-planned community. The community is available to seniors age 55 and older, expanded from the previous 62-plus eligibility. The community features…
GLENN DALE, Md. — The Reid Temple African Methodist Episcopal Church, Reid Community Development Corp., UrbanMatters Development Partners LLC and Atlantic Pacific Communities have announced a virtual ribbon cutting to be held May 19 at Woodlands at Reid Temple, an…
SEATTLE and GAITHERSBURG, Md. — Grandbridge Real Estate Capital arranged $11.2 million in financing across three modification loans. Artin Anvar arranged the interest rate reduction (IRR) modifications through HUD’s IRR program. The first transaction, totaling $984,721, was secured by Hilltop…
SALISBURY, Md. — Commonwealth Senior Living has acquired The Village at Harbor Pointe in Salisbury, located across the Chesapeake Bay from Washington D.C. The community currently features 12 independent living cottages, 26 assisted living beds and 10 memory care beds.…
GLENARDEN, Md. — Pennrose, Redevelopment Authority of Prince George’s County, B&W Solutions and SHABACH! Ministries has opened Residences at Glenarden Hills II, an affordable housing expansion in the Washington, D.C. suburb of Glenarden. The development is the second of the…
PHILADELPHIA — Pennrose, a Philadelphia-based developer developer of multifamily properties including seniors housing, has promoted Patrick Stewart to regional vice president of the Maryland region. Stewart will assume responsibilities for the region following the recently announced promotion of Ivy Dench-Carter…
ELLICOTT CITY, Md. — An affiliate of Livingston Street Capital, a private equity firm, has acquired Alta at Regency Crest, a 150-unit active adult multifamily community in the greater Baltimore submarket of Ellicott City. Situated near healthcare, retail and transportation,…
WASHINGTON, D.C. — Cadence Living has been appointed as the new manager of four senior living communities in the Washington, D.C. area. The portfolio includes Tribute at One Loudoun in Ashburn, Virginia; Tribute at The Glen in Woodbridge, Virginia; Tribute…
BETHESDA, Md. — Brightview Senior Living has opened Brightview Grosvenor an assisted living and memory care community in Bethesda, approximately 10 miles north of downtown Washington, D.C. The community shares the land of Wild Acres, the former home of National…
OWNINGS MILLS, Md. — Senior Lifestyle has unveiled renovation plans for Atrium Village, an independent living, assisted living and memory care community in the Baltimore suburb of Ownings Mills. The multi-million-dollar project is planned in phases, starting with exterior and…
OLNEY, Md. — Cadence Living and Flournoy Development Group have broken ground on Cadence Olney, a 107-unit seniors housing community in the Washington, D.C. suburb of Olney. The community is situated on 37 acres that includes 31 acres of forest…
WASHINGTON, D.C. — Berkadia’s Seniors Housing & Healthcare Group has secured $50 million in loan closings for skilled nursing facilities in Florida, California and Maryland. Jay Healy and Senior Director Bianca Andujo secured a $22.2 million HUD refinancing for a…
BALTIMORE — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 126-bed assisted living and skilled nursing community in suburban Baltimore. Acts Retirement-Life Community sold the asset, as it did not fit the nonprofit owner-operator’s usual business model…
WESTMINSTER, Md. — Lutheran Social Ministries of Maryland Inc. (LSMMD) has named Anne Kempsell as vice president of sales and marketing. LSMMD is a faith-based organization created in 2018 to serve as the parent organization of continuing care retirement communities…
BALTIMORE — Capital Funding Group (CFG) and CFG Bank are reinvesting some of the funds earned from facilitating Paycheck Protection Program (PPP) loans to provide meals to frontline healthcare workers at skilled nursing and assisted living facilities in Maryland. Rise…
MARYLAND — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged an $81 million loan for a New Jersey-based seniors housing owner. A national lending partner provided the funds, which will refinance a portfolio of…
MARYLAND — Monticello has provided $66.6 million in first lien debt financing for the acquisition of three skilled nursing properties totaling 460 beds in Maryland. The transaction also includes a $5 million working capital loan to the facility operators, which…
ANNAPOLIS, Md. — M&T Realty Capital Corp. has closed a $63 million Freddie Mac loan to refinance a 165-unit seniors housing property in Annapolis. The loan features a 70 percent loan-to-value ratio, 10-year term, fixed rate, five years of interest-only…
MARYLAND — Ziegler has closed $99.3 million in bond financing for Integrace Inc., a group of four continuing care retirement communities (CCRCs) in Maryland. The company officially affiliated with Acts Retirement-Life Communities in April 2019. Founded in 1974, Integrace is…
FROSTBURG, Md. — Healthcare Transactions Group has arranged the sale of Frostburg Nursing and Rehabilitation Center, an 88-bed skilled nursing facility in Frostburg. University of Pittsburgh Medical Center (UPMC) Western Maryland owned and operated the facility. UPMC is one of…
MARYLAND — Monticello has provided $32 million in first lien debt financing for the refinance of a 177-bed skilled nursing property in Maryland. Monticello’s asset-based lending group, Monticello Commercial Capital, also added a $2 million working capital loan to the…
ENGLEWOOD CLIFFS, N.J. — Oxford Finance LLC has provided a $64.6 million term loan and revolving line of credit to The Portopiccolo Group, a New Jersey-based, privately held company. Proceeds were used for the acquisition of three skilled nursing facilities…
WALKERSVILLE, Md. — Greysteel has arranged the sale of Victoria Park at Walkersville, an 80-unit affordable seniors housing community in the Western Maryland town of Walkersville. Osprey Property Cos. sold the property to an undisclosed buyer for $10.2 million. The…
MARLBORO, Md. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on a $75 million credit facility to fund development of a seniors housing community in Marlboro, approximately 18 miles southeast of downtown Washington, D.C. The borrowers are…