RED BANK, N.J. — Locust Point Capital has closed Locust Point Seniors Housing Debt Fund II, the firm’s second fund focused on its direct lending strategy to the seniors housing and care sector. The Red Bank-based firm launched its $312
…
MEDWAY, Mass. — Salmon Health & Retirement has started taking reservations at Salmon at Medway, a 57-acre seniors housing campus in the Boston suburb of Medway. The community will offer cottage and apartment-style independent living together with apartment-style assisted living
…
WAYZATA, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Meridian Manor, an independent and assisted living community located in Wayzata, approximately 13 miles west of downtown Minneapolis. Totaling 67 units, the 78,000-square-foot community was built on
…
SEBASTIAN, Fla. — Watercrest Senior Living Group has promoted Michelle Miller to executive director of Pelican Landing Assisted Living and Memory Care in Sebastian. Miller will replace Kim Sviben, who was recently promoted to area director of operations. Miller joined
…
CONROE, Texas — Spectra Properties has started construction of Worthington Manor at the Lakes of Wedgewood in Conroe. Insight Senior Living will manage the property upon completion, which is scheduled for November. At more than 135,000 square feet, the community
…
COMMACK, N.Y. — HJ Sims has arranged a $102.1 million financing for Fountaingate Gardens, an independent living community being built in Commack, located on Long Island. The Gurwin Healthcare System has been providing healthcare services to Long Island residents since
…
TAMPA, Fla. — WoodBine Senior Living, a Tampa-based owner-operator, has announced a series of leadership changes. Donna LaRotonda, Chris Behm and Daryl McCombs are the new owners and managing partners of the company. Co-founders and former managing partners, Gloria Brock
…
Concerns about real estate distress have primarily focused on retail and hospitality properties, both of which have most visibly borne the brunt of COVID-19 state and local lockdowns. Yet, arguably, seniors housing has suffered just as severe a blow, say
…
AUGUSTA, Ga., and CHARLESTON, S.C. — JLL Capital Markets has advised CR Properties and Claiborne Senior Living on the sale of The Claiborne at West Lake and secured $9 million of construction financing for The Claiborne at Brickyard Crossing. The
…
CANONSBURG, Pa. — KeyBank’s Community Development Lending & Investment (CDLI) division has provided $23 million in financing for the construction of an affordable seniors housing project in Canonsburg, located about 20 miles south of Pittsburgh. The financing consisted of an
…
WASHINGTON, D.C. — Senior Lifestyle Corp. has started renovations at The Residences at Thomas Circle in downtown D.C. To be completed spring 2021, the renovations will refurbish to several common areas of The Residences of Thomas Circle. The renovations will
…
UNION GROVE and LOMIRA, Wis. — Ziegler has arranged $9.6 million in refinancing on behalf of Eskay Real Estate, a family-owned post-acute care provider in Southeastern Wisconsin. The refinancing funded the acquisition of a previous partner’s majority interest and refinanced
…
AUSTIN, Texas — CBRE has hired John Sweeny to its Senior Housing Capital Markets team as a senior vice president to focus on investment sales nationally. Based in Austin, Sweeny has more than 15 years of experience in real estate
…
SAN DIEGO — Chelsea Investment Corp. and Sudberry Properties have opened Siena affordable apartments for seniors and Stylus affordable apartments for families in Civita urban village, located in the Mission Valley area of San Diego. The adjacent properties are located
…
NEW BEDFORD, Mass. — WinnDevelopment has started redevelopment work to convert the remainder of the historic Cliftex Mill building in New Bedford, approximately 60 miles south of Boston, into 71 units of mixed-income housing for adults 55 and older. The
…
NEW YORK CITY — Monticello, a capital solutions provider based in New York, has named Ashish Shah to the position of managing director. Shah, who brings over 25 years of experience in healthcare and traditional real estate, will concentrate his
…
SAN DIEGO, Calif. — Ryan cos. US Inc. has hired Patrick Dimaano as vice president of senior living development for its Western division. Dimaano is based in the company’s San Diego office and will lead senior living development for Ryan’s
…
DEARBORN, Mich. — Henry Ford Village has entered into a stalking horse asset purchase agreement with MED Healthcare Partners, in accordance with bid procedures approved by the U.S. Bankruptcy Court for the Eastern District of Michigan, Southern Division. Under the
…
WEST WHITELAND TOWNSHIP, Pa. — Capitol Seniors Housing has opened Arbor Terrace Exton, an assisted living and memory care community in West Whiteland Township, a suburb of Philadelphia. The 78,000-square-foot community totals 88 units across three interconnected neighborhoods. The site
…
OVERLAND PARK, Kan. — Anthem Memory Care has named Dave Norton as the executive director of Morningside Place, a memory care community in Overland Park. He will oversee all care, operations and programming. Norton previously was administrator/executive director of nearby
…
RANCHO CUCAMONGA, Calif. — NorthMarq has arranged a $31 million refinancing for Merrill Gardens Rancho Cucamonga. The 112-unit community was built in 2018 and offers independent living, assisted living and memory care. The property is situated on 4.21 acres in
…
BALTIMORE — Capital Funding Group (CFG), in partnership with its credit venture CFG Credit Partners, has provided $285 million in bridge-to-HUD financing for the acquisition of a skilled nursing portfolio. The borrower is a skilled nursing operator. The loans were
…
NASHVILLE, Tenn. — A little over a year after visitor restrictions were put into place to help protect residents from COVID-19, Brookdale communities across the country are now able to lift those restrictions to allow both outdoor and indoor visits,
…
ST. CHARLES, Ill. — M&T Realty Capital Corp. has provided a $15.1 million Fannie Mae loan for the refinance of an 80-unit active adult community in St. Charles. The transaction was worked in conjunction with Ziegler, a specialty investment bank
…
VERO BEACH, Fla. — Watercrest Senior Living Group has promoted Kim Sviben to the role of area director of operations, leading the company’s growing Southeast portfolio. Sviben joined the Watercrest family in 2017 as resident wellness director, later becoming executive
…
NAPLES and VENICE, Fla. — JLL Capital Markets has arranged the $26.8 million sale of a senior living portfolio consisting of two properties totaling 243 units in Southwest Florida. JLL worked on behalf of the seller, Prime Care One, to
…
PRESCOTT VALLEY, Ariz. — Link Senior Development and Insight Senior Living have started construction of Ativo Senior Living of Prescott Valley. Located near Bob Edwards Park, the 5.3-acre campus consists of 130 residences across more than 117,000 square feet. The
…