FORT COLLINS, Colo. — Co-developers MorningStar Senior Living and Haselden Real Estate Development, in partnership with local landowner and developer J.D. Padilla, have announced plans to develop MorningStar Senior Living at Old Town, an urban senior living project in Fort Collins’
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BONITA SPRINGS, Fla. — Discovery Senior Living has hired Bill Sciortino as its new chief operating officer (COO). In this position, Sciortino will lead and focus continuing efforts to drive innovation and deliver a more customized, resident-centric lifestyle experience, according to
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DECATUR, Ga. — Bellwether Enterprise Real Estate Capital has provided a $3 million construction-to-permanent loan for the development of Scott Boulevard Senior Residences, an affordable seniors housing community in Decatur. Located eight miles east of downtown Atlanta, Scott Boulevard Senior Residences
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NEWTON, Mass. — Margaret Wigglesworth will assume the role of senior vice president and chief operating officer at Five Star Senior Living (Nasdaq: FVE) effective Aug. 12, the Newton-based company announced Tuesday. In addition to leading Five Star’s operations, she
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ALBUQUERQUE — West Linn, Ore.-based Insight Senior Living has broken ground on Amaran Senior Living, an assisted living and memory care community in Albuquerque. The project team includes Paaru Builders, Montessori One Academy and Dekker/Perich/Sabatini. Located at 9100 Holly Ave. NE,
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RICHARDSON, TEXAS — Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management, have purchased Twin Rivers Assisted Living and Memory Care, a seniors housing community located in Richardson. Situated on five acres, the community features 83 assisted living
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HOUSTON — Ilan Investments has broken ground on Arella on Jones, an independent senior living community located in Northwest Houston. The project developed by Houston-based Ilan Investments and co-financed by Ilan Development and Bancorp South. Designed by Meeks Partners, the community
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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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FERNANDINA BEACH, HAINES CITY, ORANGE COUNTY AND NORTH PORT, FLA. — Contemporary Healthcare Capital (CHC) has funded a $5 million mezzanine loan for the acquisition of four skilled nursing facilities in Florida. The borrowers were affiliates of Citadel Care Centers and
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CHAMBERSBURG, Pa. — Senior Living Investment Brokerage (SLIB) has negotiated the $21.5 million sale of Falling Spring, a skilled nursing facility located at 201 Franklin Farm Lane in Chambersburg, approximately 55 miles southwest of Harrisburg, Pa. Built in 1968 on nearly
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CHICAGO — Walker & Dunlop has added a five-person team of property sales brokers to its Chicago office. This move expands the firm’s multifamily property sales platform to the Midwest. Managing directors Mark Myers and Josh Jandris along with vice presidents
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SUWANEE, Ga. — Suwanee-based Regional Health Properties (RHE) has completed the sale of three of four skilled nursing properties located in Oklahoma, Alabama and Georgia to affiliates of MED Healthcare Partners. The four-property transaction was previously disclosed by RHP in April.
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BOERNE AND ROUND ROCK, Texas — CBRE Capital Markets has arranged a three-year, floating-rate loan, including 24 months of interest-only payments, on behalf of a joint venture between Harrison Street and Franklin Development Properties for the refinancing of two assisted living
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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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DENTON, Texas — Investcor has started restoration work on Fairhaven Assisted Living. Renowned Texas architect O’Neil Ford designed the original property, which opened in 1965 in Denton, about 35 miles north of Fort Worth.
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FARMINGTON, N.M. — Marcus & Millichap has brokered the sale of Cedar Ridge Inn, a skilled nursing facility located at 800 Saguaro Trail in Farmington. A private investor sold the asset to another private investor for an undisclosed price.
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KAWKAWLIN, Mich. — Capital Funding has provided a $4.5 million HUD mortgage for Huron Woods, a 60-bed skilled nursing facility in Kawkawlin, a small town in Central Michigan.
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MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has hired Dana Hambly as its new director of investor relations. He replaces Colleen Schaller, who will transition to a new role as real estate transaction manager.
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TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has expanded its senior living portfolio to the tune of 15 properties worth $949 million across the country. Simultaneously, the healthcare REIT giant exited its partnership with seniors housing operator Benchmark Senior Living,
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STAUNTON, Va., and WOBURN, Mass. — CBRE has arranged $35.7 million in financing for a two-community seniors housing portfolio. The borrower is a joint venture between Harrison Street and Brightview Senior Living.
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WINTER GARDEN, Fla., and LITTLE ROCK, Ark. — Architect and developer Cardinal Ventures and its affiliated management company, Blake Management Group, are set to break ground on three new communities in Florida and Arkansas.
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MEDINA, Ohio — Ohio Masonic Home has unveiled plans for a new independent living neighborhood at Western Reserve Masonic Community (WRMC), a 229-acre continuing care retirement community in Medina, about 30 miles south of Cleveland.
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VERO BEACH, Fla. — Harbor Retirement Associates (HRA), a regional senior living development and management company based in Vero Beach, has hired David Dodson as vice president of sales and marketing.
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SALINAS, Calif. — KeyBank Real Estate Capital has provided $29 million to refinance Pacific Coast Care Center, a 149-bed skilled nursing facility in Salinas, just south of the Bay Area proper.
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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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RED BANK, N.J. — Locust Point Capital, an alternative asset manager based in Red Bank, has launched a new project equity financing program for the seniors housing industry.
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