OVERLAND PARK, Kan. — HJ Sims has arranged $6.3 million in pre-development bond financing to expand Village Shalom, a continuing care retirement community (CCRC) in the Kansas City suburb of Overland Park.
NEW YORK CITY — Monticello Asset Management LLC has provided $34.1 million in financing to Elener Associates LLC and W Management Group, which will use the funds to acquire a 256-bed skilled nursing facility in New York.
SACRAMENTO, Calif. — Avanath Capital Management LLC, an institutional fund manager that specializes in affordable and workforce housing investments, has acquired a three-property affordable housing portfolio in Sacramento for $56.5 million.
WEST POINT, Pa. — Acts Retirement-Life Communities has appointed Gerald Grant as the company’s president and CEO. Grant was already serving as the interim CEO following the unexpected passing of his predecessor, Mark Vanderbeck, in May.
OCEAN GROVE, N.J. — Institutional Property Advisors (IPA) has arranged the sale of Francis Asbury Manor, a 131-unit assisted living facility in Ocean Grove, a coastal community adjacent to Asbury Park.
MACUNGIE and PALMERTON, Pa. — A joint venture between Care Investment Trust LLC and Inspirit Senior Living has acquired The Villages at Palmerton in Palmerton and The Willow in Macungie for $13 million.
BIRMINGHAM, Ala. — A joint venture between multiple companies has broken ground on The Bluffs at Greystone, a 132-unit independent living, assisted living and memory care community in Birmingham.
PHILADELPHIA — Healthcare Transactions Group Inc. has arranged the sale of the operations of an eight-location, 1,906-bed skilled nursing portfolio in Pennsylvania.
NEW YORK CITY — New York-based Monticello Asset Management, through one of its investment vehicles, has provided $69.3 million in acquisition financing for a four-property skilled nursing portfolio in Massachusetts.
NEW YORK CITY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $7 million Fannie Mae cash-out refinance loan for a 69-unit assisted living facility located in Central Georgia.
