CHICAGO and DAYTONA BEACH, Fla. — Sentrics, a Chicago-based technology firm serving the senior living industry, has acquired Daytona Beach-based sensor and detection technology company Silversphere.
CHICAGO — The Economic Club of Chicago, a nonprofit organization focused on economic and social dialogues, has named Debra Cafaro to a two-year term as its chair of the board.
LAKE FOREST, Calif. — Oxford Finance LLC has provided a $96 million term loan to an affiliate of Summit Healthcare REIT Inc. The funds were used to purchase 14 skilled nursing and assisted living facilities in Indiana totaling over 1,100 beds.
MEMPHIS, Tenn. — SunTrust Banks Inc. (NYSE: STI) has provided $29.5 million in financing to support Hickory Senior Living’s acquisition of The Cottages, a 10-facility seniors housing portfolio.
PINELLAS PARK, Fla. — Hunt Real Estate Capital has provided two loans to finance the acquisition and rehabilitation of an affordable seniors housing property in Pinellas Park, located across the bay from Tampa.
LAKE OSWEGO and WILSONVILLE, Ore. — CBRE has arranged $61 million in financing for the acquisition of The Springs at Carman Oaks in Lake Oswego and The Springs Wilsonville in Wilsonville, both seniors housing communities in the greater Portland area.
BERLIN, Vt. — The Berlin Development Review Board has approved zoning applications for 98 units of senior housing, the first project of its kind in Berlin, designed to include independent, assisted living and memory care under one roof.
