CONWAY, Ark. — Abby Development has purchased 14 acres in Conway, approximately 20 miles north of Little Rock, with plans to develop Arabella of Conway, a 94-unit independent living, assisted living and memory care community.
PRESCOTT, Ariz. — Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living community for $18 million or $146,341 per unit.
SACRAMENTO, Calif. — Holliday Fenoglio Fowler (HFF) has arranged $41.5 million in financing for a three-property seniors housing portfolio in Sacramento.
PHILADELPHIA — Berkadia has arranged $11.1 million in financing for Casa Farnese Inc. and PRD Management. The companies will use the capital to renovate Casa Farnese, an affordable seniors housing community in Philadelphia.
WALNUT CREEK, Calif. — Northern California Presbyterian Homes and Services is developing Viamonte, a 200-unit seniors housing community in the San Francisco Bay Area city of Walnut Creek.
HANOVER PARK, Ill. — Kinzie Builders, a division of Kinzie Real Estate Group, has been retained as general contractor for Verandah, a 55+, assisted living and memory care community in Hanover Park, approximately 35 miles northwest of Chicago.
LOCKPORT, N.Y. — Capital Funding Group, a lender based in Baltimore, has provided $6.7 million bridge loan for the acquisition of Briody Health Care Facility, an 82-bed skilled nursing facility in the Buffalo suburb of Lockport.
