WESTLAND and SOUTHFIELD, Mich. — Greystone Real Estate Advisors has closed the sale of two senior living communities in the Detroit metropolitan area. Chevalier International Holdings Ltd. purchased Ashford Court and Sterling Place from New Senior Investment Group for $33 million.
News
Red Stone Partners Arranges $18.8M in Bonds to Preserve Three Affordable Communities in Los Angeles County
by Jeff Shaw
LOS ANGELES — Red Stone Tax-Exempt Funding LLC recently provided $18.8 million in bond financing to BlueGreen Preservation and Development. The tax-exempt bonds will be used to acquire and rehabilitate a 90-unit portfolio of affordable seniors housing properties in the Los Angeles metro area.
ORLANDO, Fla. — Triloma Financial Group has expanded its seniors housing division, Triloma Senior Housing, by hiring James Hendrix as chief investment officer. The firm is looking to acquire healthcare and seniors housing properties, and intends to offer 1031 exchange opportunities later this year.
Summit Healthcare REIT Acquires Interest in Nine Skilled Nursing Facilities in the Northeast for $60M
by Jeff Shaw
LAKE FOREST, Calif. — Summit Healthcare REIT Inc. has acquired an interest in nine skilled nursing facilities located in the Northeast for $60 million. The names and locations of the facilities, as well as the percentage interest Summit acquired, were not disclosed.
Harborview Closes a $14.2M Bridge-to-HUD Loan for Four-Property Skilled Nursing Portfolio in Texas
by Jeff Shaw
TEXAS — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $14.2 million loan for a four-facility skilled nursing portfolio totaling 472 beds in Texas. The names and specific locations of the properties were not disclosed.