CHATTANOOGA, Tenn. — Berkadia has originated $68.8 million in financing for a portfolio of eight seniors housing communities operated by Morning Pointe, a Chattanooga-based developer and operator.
CHANTILLY, Va. — The Arbor Company has started construction on Arbor Terrace Fairfax, a 48-unit memory care community in Chantilly, approximately 25 miles west of Washington, D.C.
SAN FRANCISCO — On Lok, the San Francisco-based parent company of several seniors housing-related subsidiaries, has named Grace Li as the company’s new chief executive officer.
KILGORE, Texas — Civitas Senior Living has acquired Arabella of Kilgore, an independent living, assisted living and memory care community in the East Texas town of Kilgore, for an undisclosed price.
CEDAR FALLS, Iowa — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Cedar Falls Health Care Center, an 82-bed skilled nursing facility in Cedar Falls, for $5 million.
ATLANTA — Grandbridge Real Estate Capital, an Atlanta-based lender, has closed three loans totaling $52 million for three communities in Massachusetts and Washington State.
GRAND RAPIDS, Mich. — Lancaster Pollard has provided an $11 million, FHA-insured refinancing for Vista Springs Northview, an 88-unit assisted living community in Grand Rapids.
SEATTLE — Presbyterian Retirement Communities Northwest, a nonprofit seniors housing operator, has announced two promotions and a hiring at the company’s Seattle headquarters.
DALLAS — Silverstone Healthcare Co., a Dallas-based owner/developer, has broken ground on HarborChase of the Park Cities, a 134-unit, Class A assisted living and memory care community in Dallas.
