ST. LOUIS — Griffin-American Healthcare REIT IV has acquired a five-property, 229-unit seniors housing portfolio. Although the properties are all in the St. Louis metro area, they are all located across the state border in the Illinois towns of Columbia, Millstadt, Red Bud and Waterloo.
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LAMAR, Colo., MONTE VISTA, Colo., and MYRTLE POINT, Ore. — Lancaster Pollard has arranged $9.5 million in FHA financing for Summit Healthcare REIT. The loans will refinance the acquisition loans on three skilled nursing facilities in the Western United States.
KALISPELL, Mont. — Ziegler, a specialty investment bank, has arranged a total of $65.4 million in tax-exempt, fixed-rate bonds for Immanuel Lutheran Corp., which operates a seniors housing community in Kalispell, approximately 75 miles south of the Canadian border.