LAS VEGAS — Private equity firm The Bascom Group has acquired the 183-unit Boulder Palms Senior Apartments at 4350 Boulder Highway in Las Vegas for $10.4 million.
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MONROE, La., and GARFIELD HEIGHTS, Ohio — Lancaster Pollard has arranged the refinancing of two seniors housing communities, one for Paramount Healthcare Consultants (PHC) in Monroe for $20.2 million and another for The Jennings Center for Older Adults in Garfield Heights for $12.6 million.
ROCKVILLE, Md. — Ingleside at King Farm, a continuing care retirement community (CCRC) in Rockville, has promoted Frank Romonoski to general manager. In his new role, Romonoski will be responsible for plant operations and maintenance, and environmental services.
NASHVILLE, TENN. AND GLASTONBURY, CONN. — Prudential Real Estate Investors (PREI) has acquired three assisted living and memory care communities in Tennessee and Connecticut for $110 million. Hearth Management, which previously owned the property through a joint venture partnership, has been retained by PREI as the property manager.
NEW YORK — A joint venture partnership between NorthStar Healthcare Income Inc. and NorthStar Realty Finance Corp. (NYSE: NRF) has acquired an $875 million portfolio of independent living facilities, following an SEC filing reported in April. NorthStar Healthcare and NorthStar Realty are both real estate investment trusts (REITs) externally managed by NorthStar Asset Management Group Inc. (NYSE: NSAM), a New York-based asset management firm focused on managing real estate and other investment platforms.