STONE MOUNTAIN, Ga. — Isakson Living has opened Park Springs Health Services in the Atlanta suburb of Stone Mountain, featuring Georgia’s first-ever, built-to-suit household model.
News
NEW YORK CITY — KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), has agreed to acquire Cain Brothers & Co. LLC, a New York City-based investment banking firm focused on the healthcare industry, including seniors housing.
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.
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.