GRAPEVINE and FARMERS BRANCH, Texas — Civitas Senior Living has been hired to manage two existing assisted living communities in the North Texas towns of Grapevine and Farmers Branch, adding 170 units to the operator’s portfolio.
News
ATLANTA — SunTrust Banks Inc. (NYSE: STI) has signed a definitive agreement to acquire all of the assets of the operating subsidiaries of Pillar Financial LLC. The assets include Pillar’s multifamily lending business, which comprises affordable housing, healthcare properties, seniors housing and manufactured housing specialty teams.
CLEVELAND, Tenn. — Life Care Centers of America Inc., an operator of more than 220 skilled nursing, assisted living and memory care communities in the United States, has agreed to settle a government lawsuit against the company and its owner and founder, Forrest Preston, for $145 million.
ATLANTA — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has arranged $125 million in financing for the acquisition of four independent living communities in four states. Details on the buyer, seller and specific communities were not disclosed.