IRVINE, Calif. — HCP Inc. (NYSE: HCP) has promoted Troy McHenry to the position of executive vice president, general counsel and corporate secretary, replacing James Mercer, the company’s chief administrative officer who plans to retire in February.
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BROCKPORT and QUEENSBURY, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in institutional and major private real estate investors, has arranged the $48 million sale of two memory care and assisted living communities in New York State.
DENVER and COLORADO SPRINGS, Colo. — A joint venture of Arcapita, a global investment management firm, and MorningStar Senior Living, an owner/operator based in Denver, has acquired a three-community seniors housing portfolio in Denver and Colorado Springs for $85 million.