PHOENIXVILLE, Pa. — The Pennsylvania Department of Community and Economic Development has arranged a $46,125 Industrial Sites Reuse Program (ISRP) grant for Petra Community Housing. Petra will use the grant money for an environmental assessment regarding a potential affordable seniors housing community in Phoenixville, approximately 25 miles northwest of Philadelphia.
News
CHESTERTON, Ind. — Mainstreet, an Indiana-based skilled nursing developer, and skilled nursing operator Symphony Post Acute Network have opened Symphony of Chesterton, a 106-bed skilled nursing facility in Chesterton, approximately 45 miles southeast of Chicago, Ill.
Welltower, CPPIB Acquire Majority Interest in Six-Community Portfolio in Florida for $555M
by Jeff Shaw
TOLEDO, OHIO AND TORONTO —A joint venture between Welltower Inc. (NYSE: HCN) and Canada Pension Plan Investment Board (CPPIB) has acquired a 97.5 percent interest in a seniors housing portfolio located in Florida for $555 million.The seller was Kayne Anderson, which bought the portfolio in late 2013 for an estimated $400 million from GE Healthcare Finance.