ISSAQUAH, Wash. — National Health Investors (NYSE: NHI) has finalized a previously disclosed agreement to lend up to $154.5 million to recapitalize and finance the expansion of Timber Ridge at Talus, an entrance-fee senior living community in Issaquah, Wash.
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FORT LAUDERDALE, Fla. —Housing Trust Group a housing real estate developer in Florida, has completed construction of Village Place Apartments, a $15 million, 112-unit senior affordable housing community in Fort Lauderdale. The mid-rise apartment development is located at 720 NE 4th Avenue.
Cambridge Realty Capital Companies has arranged a $10.3 million conventional loan to refinance four Oklahoma facilities: the Heartsworth Center for Nursing & Rehab and Heartsworth House Assisted & Independent Living in Vinita, and the North County Center for Nursing & Rehab and North County Assisted Living in Collinsville.
KANSAS CITY, Mo. — Senior Capital Advisors, representing seller Principal Senior Living Group, has sold of Benton House of Shoal Creek, a 73-unit, 88-bed assisted living and memory care community in Kansas City, Mo. The facility was sold to American Realty Capital Healthcare Trust II for $28.5 million, or $390,000 per unit. Bruce Gibson, principal with Senior Capital Advisors, led the sale.
FORT MYERS, Fla. — Recognizing a need for more assisted living care in southwest Florida, Omega Communities, LLC, has purchased 8.93 acres of land at Six Mile Cypress Parkway just south of Daniels Parkway in Fort Myers for $2.05 million. Omega plans to develop a senior living community on the parcel.