TINTON FALLS, N.J. — Erickson Living has promoted Phil Jean to the position of executive director of Seabrook, a senior living community in Tinton Falls, approximately 35 miles south of Manhattan.
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SPRING LAKE, N.J., NEW YORK CITY and YORKTOWN, Va. — M&T Realty Capital Corp. has provided three loans totaling $84.6 million for seniors housing communities in New Jersey, New York and Virginia.
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MONROE TOWNSHIP, N.J. — Greystone has provided a $16.5 million Freddie Mac Program Plus loan for the acquisition of Waterside Villas, an age-restricted community located in the Concordia neighborhood of Monroe Township. Sela Realty was the borrower and buyer. John Williams
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MONTVALE, N.J. — Cushman & Wakefield Senior Housing Capital Markets has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit independent living, assisted living and memory care development in Montvale.
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SAN DIEGO — TMC Financing has arranged $1.5 million in total project financing for Butterfly Gardens, a boutique assisted living community in the La Jolla neighborhood of San Diego.
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HAMILTON, N.J. — Cushman & Wakefield Senior Housing Capital Markets has arranged a refinancing for Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.
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MOUNTAIN LAKES, N.J. — Metropolis Property Group has arranged the sale of 1 Bloomfield Ave. in the borough of Mountain Lakes, approximately 30 miles west of Manhattan.
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PHILADELPHIA — Institutional Property Advisors has brokered the sale of three DePaul Health Care nursing homes in the Delaware Valley Region.
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SEASIDE HEIGHTS, N.J. — Walters, a New Jersey-based affordable housing developer, has completed Cornerstone At Seaside Heights, an age- and income-restricted apartment community in the Jersey Shore town of Seaside Heights.
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SAYREVILLE, N.J. — AMS Acquisitions LLC, a New York City-based real estate investment firm, has purchased a seniors housing community in Sayreville, just across Raritan Bay from Staten Island, for $13 million.
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MANAHAWKIN, N.J. — Walters has completed Cornerstone At Stafford, a 100-unit age- and income-restricted apartment community in Manahawkin, located approximately 55 miles southeast of Philadelphia near Manahawkin Bay.
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BRICK, N.J. — Lancaster Pollard Mortgage Co. has provided a $17.3 million HUD loan to refinance Willow Springs, a skilled nursing facility in Brick.
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NEW JERSEY — Greystone has provided a $24 million Fannie Mae loan to refinance a 138-unit assisted living facility in New Jersey.
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