ALMA, Mich. — Cohen Financial, a division of SunTrust Bank, has provided a $4.1 million loan for Arbor Grove Assisted Living, a seniors housing community in the Central Michigan city of Alma.
NEW YORK CITY — Ziegler, a Chicago-based specialty investment bank, has hired Christopher Utz as a director to its corporate finance team specializing in proprietary senior living.
COSTA MESA, Calif. — J.D. Power, a Costa Mesa-based consumer insights, advisory services and data and analytics firm, has launched the J.D. Power Senior Living Community Certification Program.
BALTIMORE — Pennrose has hired Christine Robertson to the company’s Baltimore office as a developer serving the Mid-Atlantic region. In her role, Robertson will focus on growing Pennrose’s Virginia portfolio.
HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE: OHI), a Maryland-based healthcare REIT and owner of a large seniors housing portfolio, has canceled its restructuring agreement with Orianna Health Systems.
OHIO — Monticello Asset Management LLC has provided a total of $40 million in financing to Maui Sunset LLC, which will use the funds to purchase a portfolio of skilled nursing facilities in Ohio.
CORAL SPRINGS and TAMARAC, Fla. — Harbor Retirement Associates has completed a combined $4 million remodel on two of its existing communities, HarborChase of Tamarac and HarborChase of Coral Springs.
RICHMOND, VA. — SunTrust Community Capital (STCC) has provided $11.2 million in financing for two redevelopment projects in Richmond’s historic Jackson Ward neighborhood.
PHILIPSBURG, Pa. — Presbyterian Senior Living has completed a $10 million expansion at Windy Hill Village, a continuing care retirement community in the Central Pennsylvania borough of Philipsburg.
