COLUMBUS and CLEVELAND, Ohio, and ERIE, Pa. — LTC Properties Inc. (NYSE: LTC) has sold five assisted living and memory care communities in Ohio and Pennsylvania for $67.5 million. The seller and the buyer, National Health Investors Inc. (NYSE: NHI), are both publicly traded REITs targeting healthcare and seniors housing properties.
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ATLANTA — Mercy Housing Southeast has hired H. Granvel Tate III as its regional director of real estate development. In this role, Tate will oversee the development and acquisition of mixed income and affordable housing properties in the Southeastern United States, with a specific focus on the greater Atlanta market.
Lancaster Pollard Arranges $23.4M HUD Refinancing for Skilled Nursing Facility in Nebraska
by Jeff Shaw
PAPILLION, Neb. — Lancaster Pollard has arranged $23.4 million in HUD financing for Hillcrest Health Services. The borrower will use the funds to refinance The Cottages at Hillcrest Country Estates, a seniors housing community in the Omaha suburb of Papillion.