LINCOLN, Neb., and DES MOINES, Iowa — Immanuel Communities has acquired two continuing care retirement community (CCRC) campuses in Lincoln and Des Moines. Lifespace Communities, also a nonprofit owner-operator, was the seller. Terms of the transaction were not disclosed. Deerfield and Grand Lodge at the Preserve will join Immanuel’s portfolio in third-quarter 2021. The campuses comprise 349 apartments with a mix of independent living, assisted living, memory care, residential care, and skilled-nursing and long-term care. The acquisitions are part of Immanuel’s plans to expand its Midwest presence.
OMAHA, Neb. — Greystone has provided an $11.9 million HUD-insured loan for the refinancing of Heritage Pointe Assisted Living in Omaha. The community features 108 assisted living beds and 20 memory care beds. Amenities include full dining service, recreational activities, exercise facilities, a movie theater and a salon. Eric Rosenstock and Jesse Yodice of Greystone originated the financing on behalf of the borrower, Heritage Communities. The 35-year loan features a fixed interest rate.
LINCOLN, Neb. — Ziegler has arranged $38 million in bond financing for Eastmont, a continuing care retirement community (CCRC) in Lincoln. Proceeds of the Bonds, along with other available funds, will be used to finance an expansion project. Transforming Age operates the community, which opened in 1968. Currently, the community comprises 121 independent living apartments, 53 assisted living apartments and 22 skilled nursing beds. The expansion will add a four-story building featuring 50 independent living apartments. In addition, Eastmont plans to convert 10 assisted living apartments into five penthouse independent …
PAPILLION, Neb. — Lument has provided a $41.5 million Freddie Mac loan to refinance Hillcrest Country Estates Grand Lodge, an upscale senior living community in Papillion, a suburb of Omaha. Set on Hillcrest Country Estates’ 44-acre campus, which offers the full continuum of care, Grand Lodge was built in 2015 and features 102 independent living apartments and 60 assisted living and memory support apartments. Quintin Harris, managing director and head of Lument’s Midwest seniors housing and healthcare team, spearheaded the transaction along with Doug Harper and Casey Moore, managing directors …
OMAHA, Neb. — Immanuel has started construction of new assisted living and memory care units, as well as new common areas, at Pacific Springs, a seniors housing community in West Omaha. The expansion is scheduled to open in fall 2021. Pacific Springs is located adjacent to the Pacific Springs Golf Club and currently offers exclusively independent living. Renovation plans also include enhanced common spaces such as a fitness center and wellness studio; onsite restaurant and lounge featuring a golf simulator; outdoor areas and walking paths; and a chapel adorned with …
NEBRASKA, IOWA and KANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of 15 skilled nursing facilities in Nebraska, Iowa and Kansas. Blueprint facilitated the sale in connection with the seller’s restructuring of its business arrangements with its tenant.
NEWTON, Mass. — Senior Housing Properties Trust (NASDAQ: SNH) has completed the sale of a15-facility skilled nursing portfolio for a combined sales price of $8 million.
KEARNEY, Neb. — Lancaster Pollard Mortgage Co. has arranged an $8 million term loan for CountryHouse of Kearney, a 36-unit memory care community in Kearney.
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