CHARLOTTE, N.C. — CBRE Senior Housing has arranged an undisclosed amount of construction financing for The Village on Morehead, a seniors housing community in Charlotte. The borrower is a joint venture between Bridgewood Property Co. and Harrison Street. The 12-story,
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DURHAM, N.C. — Ziegler has arranged $44.4 million in bond financing for The Forest at Duke, a 47-acre continuing care retirement community just south of Duke University in Durham. The Forest at Duke opened in 1992 and currently serves over
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SCOTTSDALE, Ariz. — Cadence Living has hired Melissa Cole as vice president of operations for the North Carolina region. Cole will have principal responsibility over operations of the seven Cadence Living-managed communities in the Charlotte, Winston-Salem and Raleigh metro areas.
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MATTHEWS, N.C. — Capstone Communities and Liberty Senior Living have started construction of Inspire Royal Park, an active adult community for persons age 55 or older in the Charlotte suburb of Matthews. Approximately 30 percent of Matthews residents are over
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CHARLOTTE, N.C. — Singh, a seniors housing developer operating under the Waltonwood brand, has promoted Eric Davis to executive director of Waltonwood Cotswold in Charlotte. Davis brings with him nearly 10 years of experience to his new role. He began
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MORGANTON, N.C. — Carolinas HealthCare System Blue Ridge has completed a renovation project at Grace Ridge Retirement Community in Morganton, located in the Blue Ridge Mountains. Beginning in 2020, Grace Ridge partnered with North Carolina-based Frank L. Blum Construction Co.
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BONITA SPRINGS, Fla. — Discovery Senior Living has acquired a portfolio of 16 seniors housing properties in Texas, North Carolina and New Mexico, the largest single acquisition in the Bonita Springs-based owner-operator’s history. Discovery’s partner on the acquisition was White
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DURHAM, N.C. — Hunt Capital Partners, Durham Housing Authority and California Commercial Investment Group Inc. have closed $7.5 million in Low-Income Housing Tax Credit (LIHTC) equity financing for the acquisition and rehabilitation of J.J. Henderson Senior Apartments in Durham. The
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REIDSVILLE, N.C. — Live Oak Bank has provided an $8.5 million construction loan for development of a 58-unit independent living and assisted living project in Reidsville, located north of Greensboro near the Virginia border. The borrower, ALG Senior, has controlled
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CHARLOTTE, N.C. — Bridgewood Property Co. has acquired 727 E. Morehead St. in Charlotte with plans to construct a luxury senior living community, The Village on Morehead, on the site. Bridgewood received rezoning approval for the site in July 2020
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HICKORY, N.C. — Woda Cooper Cos. has started construction of Center Crossing, a 50-unit affordable housing community for seniors in Hickory, 50 miles northwest of Charlotte. The property will be near the city’s downtown Union Square and close to many
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GREENSBORO, N.C. — LCS Development has started construction of a $75 million expansion at WhiteStone, a Masonic and Eastern Star seniors housing community in Greensboro. The project includes the addition of 67 independent living units, a building with 36 private
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HIGH POINT, N.C. — Ziegler has arranged $47.8 million in bond financing for a planned expansion project at Pennybyrn at Maryfield, a continuing care retirement community (CCRC) in High Point, just southwest of Greensboro. Located on 72 acres, Pennybyrn currently
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CARY, N.C. — HJ Sims has arranged $6.6 million in financing for Samaritan Housing’s continued expansion plans at SearStone, a continuing care retirement community in Cary. Following the original Phase I development, SearStone consists of 131 independent living apartments, 38
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CHARLOTTE, N.C. — Singh, a developer that builds senior living communities under the Waltonwood brand, has named Tammy Mullins as the executive director of Waltonwood Cotswold. Mullins brings more than 20 years of senior living experience to her new role.
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CHARLOTTE, N.C. — Liberty Senior Living has named Judi Donovan as executive director for The Barclay at SouthPark, a continuing care retirement community (CCRC) currently under construction in Charlotte. Donovan brings 17 years of senior living experience to the role.
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KENTUCKY and NORTH CAROLINA — Monticello has provided a $2.5 million working capital loan to the operating companies of three skilled nursing facilities totaling 312 beds in Kentucky and North Carolina. Monticello’s asset-based lending group, Monticello Commercial Capital, provided the
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KENTUCKY and NORTH CAROLINA — Monticello has provided $30 million in first lien debt financing for the acquisition of one skilled nursing facility and refinancing of two others. The portfolio totals 312 beds in Kentucky and North Carolina. The borrower
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CARY, N.C. — Singh Senior Living has named Brian O’Hara as the new executive director of Waltonwood Cary Parkway, an independent living, assisted living and memory care community in Cary, a suburb of Raleigh. O’Hara brings more than 20 years
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NORTH CAROLINA and KENTUCKY — Monticello has provided $117 million in first lien debt financing for the acquisition of 12 skilled nursing properties and the refinance of one other in North Carolina and Kentucky. The skilled nursing portfolio totals 1,357
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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
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RALEIGH, N.C. — Green Courte Partners (GCP), through one of its investment funds, has acquired The Aspens at Bedford Falls, a 182-unit seniors housing community in Raleigh. Construction of the community was completed in August 2019. GCP acquired the property
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CLEMMONS, N.C. — Evans Senior Investments (ESI) has arranged the sale of Crest of Clemmons, an assisted living community in the Winston-Salem suburb of Clemmons for $5 million, or $111,000 per unit. The seller was previously the owner-operator, which leased
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DURHAM, N.C. — CBRE has arranged an $18 million loan to refinance debt on Bartlett Reserve, a 100-unit independent living community in Durham. The borrower is Focus Healthcare Partners. CBRE also arranged the acquisition financing for Focus in 2017. Aron
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CHARLOTTE, WINSTON-SALEM and RALEIGH, N.C. — Cadence Living, an owner-operator with properties in the West and Southeast, has taken over management of seven seniors housing communities in the Charlotte, Winston-Salem and Raleigh markets. The three Charlotte-area senior living community locations
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RALEIGH, N.C. — KeyBank Real Estate Capital provided a $40 million bridge loan to refinance Waltonwood Lake Boone, a seniors housing community in Raleigh.
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GASTONIA, N.C. — Marcus & Millichap (NYSE: MMI) has arranged the sale of Meadow Wood, a 14,274-square foot seniors housing property in Gastonia, a suburb of Charlotte.
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