GRASS VALLEY, Calif. — CBRE has arranged the refinancing of Hilltop Commons, an 84-unit independent living community in the Sacramento suburb of Grass Valley. The total value of the loan was not disclosed.
News
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a healthcare REIT based in Murfreesboro, will acquire the remaining 15 percent real estate stake in its joint venture with Bickford Senior Living for $25.1 million. In return, Bickford will acquire NHI’s non-controlling 85 percent interest in the operations of the communities for $8.1 million.
Greystone Provides $49.5M in Freddie Mac Financing for Communities in California, Colorado
by Jeff Shaw
CARMICHAEL, Calif. and DENVER — Greystone, a real estate lending, investment and advisory company, has provided $49.5 million in Freddie Mac loans to refinance two assisted living and memory care facilities in Denver and the Sacramento suburb of Carmichael.
MESA and APACHE JUNCTION, Ariz. — Madison Realty Cos. has purchased two seniors housing communities in the Phoenix suburbs of Mesa and Apache Junction for $14.8 million. The real estate investment firm made the acquisitions on behalf of Delaware Statutory Trust investors.
PENNSAUKEN, N.J. — Meridian Capital Group has arranged $20 million in financing for Kaplan Development Group to purchase Bentley Senior Living, an independent living, assisted living and memory care community in Pennsauken, directly across the Delaware River from Philadelphia.