News

Monticello Provides $38.1M Financing for 600-Bed Portfolio in North Carolina

by Jeff Shaw April 10, 2019

NORTH CAROLINA — Monticello Asset Management LLC has provided $35.6 million in first lien debt financing for the acquisition of three skilled nursing properties and two skilled nursing/assisted living facilities totaling 600 beds across North Carolina.

April 10, 2019

Sunrise Senior Living Opens 69,000 SF Community in Bridgewater, New Jersey

by Jeff Shaw April 10, 2019

BRIDGEWATER, N.J. — Sunrise Senior Living has opened Sunrise of Bridgewater, its 23rd seniors housing community in New Jersey.

April 10, 2019

News People

IMPACT Strategies Hires Two Project Managers

by Jeff Shaw April 10, 2019

FAIRVIEW HEIGHTS, Ill. — IMPACT Strategies has hired Terry Midgley as senior project manager and Justin Eilermann as a project manager.

April 10, 2019

Active Adult Development News

Pollack Shores to Open 175-Unit Active Adult Community Near Jacksonville

by Jeff Shaw April 9, 2019

PONTE VEDRA, Fla. — Multifamily developer and investment firm Pollack Shores Real Estate Group has announced plans for Olea at Nocatee, a 175-unit active adult apartment community in of Ponte Vedra.

April 9, 2019

News

Lee & Associates Arranges Sale of 132-Unit Affordable Project in Southern California for $8.7M

by Jeff Shaw April 9, 2019

LANCASTER, Calif. — Lee & Associates-LA North/Ventura has negotiated the sale of Aurora Village Apartments, a low-income seniors housing project in Lancaster.

April 9, 2019

News Skilled Nursing

SLIB Negotiates $3.3M Sale of 180-Bed Skilled Nursing Facility in Illinois

by Jeff Shaw April 9, 2019

GALESBURG, Ill. — Senior Living Investment Brokerage has arranged the sale of Rosewood Care Center of Galesburg, a skilled nursing facility in Galesburg, approximately midway between Peoria and the Iowa border.

April 9, 2019

News Skilled Nursing

Trinity, Live Oak Buy 76-Bed Skilled Nursing Facility in Texas

by Jeff Shaw April 9, 2019

TEXARKANA, Texas — CBRE has arranged the sale of Waterton Plaza at Cowhorn Creek, a skilled nursing facility in Texarkana.

April 9, 2019

Development News

Hunt Capital Partners Invests in Affordable Redevelopment Project in Mississippi

by Jeff Shaw April 8, 2019

HATTIESBURG, Miss. — Hunt Capital Partners has committed $13.2 million in federal low-income housing tax credit, federal historic tax credit and state historic tax credit equity financing for Preservation Crossing, an affordable seniors housing project in Hattiesburg.

April 8, 2019

News Skilled Nursing

Strawberry Fields REIT Acquires Skilled Nursing Facility in Arkansas for $6.9M

by Jeff Shaw April 8, 2019

WHITE HALL, Ark. — Strawberry Fields REIT LLC has acquired The Waters of White Hall, a skilled nursing in White Hall, approximately 35 miles south of Little Rock, for $6.9 million.

April 8, 2019

Finance News

Love Funding Closes $4.7M Refinancing for Age-Restricted Community in Bartlett, Illinois

by Jeff Shaw April 8, 2019

BARTLETT, Ill. — Love Funding has closed a $4.7 million loan to refinance Victory Centre of Bartlett Senior Apartments, an age-restricted community in Bartlett, approximately 30 miles northwest of Chicago.

April 8, 2019

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