PHOENIX — Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.
WASHINGTON, D.C. — Healthcare Transactions Group has arranged the sale of VMT Long-Term Care Management Inc., a D.C.-based provider of health services, for an undisclosed price.
CHERRY HILL, N.J. — Pennrose, a multifamily developer and operator, and the Jewish Federation of Southern New Jersey have broken ground on The Commons at Springdale, an affordable seniors housing community.
COEUR D’ALENE, Idaho — Radiant Senior Living has acquired The Renaissance, a 64-unit assisted living and memory care community in Coeur d’Alene, approximately 30 miles east of Spokane, Wash.
SCOTTSDALE, Ariz. — The Wolff Company, a Scottsdale-based private equity firm and developer, has purchased property in its hometown for construction of an active adult community.
SLEEPY HOLLOW, N.Y. — Kendal Corp. has hired James Antonucci Jr. as the new executive director for Kendal on Hudson, a 220-unit continuing care retirement community (CCRC) located approximately 30 miles north of Manhattan in Sleepy Hollow.
GRAND JUNCTION, Colo. — OZ Architecture has completed design of The Lodge at Grand Junction, a 48-unit assisted living and memory care community in Grand Junction, located in the western part of the state near the Utah border.
GASTONIA, N.C. — Evans Senior Investments (ESI) has arranged the sale of Gastonia Care and Rehab, a 118-bed skilled nursing facility in the Charlotte suburb of Gastonia.
ATLANTA — 29thStreet Capital, a privately-held real estate investment and advisory firm based in Atlanta that focuses on value-add opportunities, has announced its plans to expand its services to the seniors housing industry.
