COVINGTON, Ky. — Investment firm Blueprint Healthcare Real Estate Advisors has arranged the sale of Baptist Towers, a 97-unit assisted living and independent living community in Covington, for $3.1 million.
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DALLAS — Commercial real estate broker Holliday Fenoglio Fowler (HFF) has arranged the sale of a 14-property seniors housing portfolio totaling 1,038 units located in California, Oklahoma, Ohio, Texas, West Virginia and North Carolina. The purchase price was not disclosed.
LITTLE EGG HARBOR, N.J. — Institutional Property Advisors, a brokerage division of Marcus & Millichap, has arranged the sale of Arcadia Nursing and Rehabilitation Center for $15 million. The facility is located in Little Egg Harbor, about 30 miles north of Atlantic City.
MADISON, N.J. — Prudential Real Estate Investors (PREI) has completed the capital raise of Senior Housing Partners V (SHP) with a total of $629 million in capital commitments. SHP is the fifth in a series of dedicated, closed-end funds designed to invest in the seniors housing industry. PREI is the real estate investment and advisory business of Prudential Financial. (NYSE: PRU).
CHATTANOOGA, Tenn. — Chattanooga-based healthcare finance company Contemporary Healthcare Capital and Atlanta-based lender Community & Southern Bank (CSB) have formed a strategic alliance to offer a wider variety of financing options for construction, acquisition and refinances in the seniors housing industry.