NORTH STRABANE TOWNSHIP, Pa. — HJ Sims has arranged $29.3 million in financing for the development of Encore on the Lake, an 80-unit independent living community in North Strabane Township, approximately 20 miles southwest of Pittsburgh. Presbyterian Senior Care (PSC)
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MANHEIM, Pa. — Ziegler has arranged $53 million in financing for Pleasant View Communities, which operates a continuing care retirement community in the South Central Pennsylvania borough of Manheim. Originally built in 1954, the community currently features 152 independent living
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SPRINGFIELD, Pa. — Tryko Partners has purchased the Harlee Manor and Springfield Commons skilled nursing campus in Springfield, approximately 12 miles west of downtown Philadelphia. Located on more than six acres, the property totals 173 skilled nursing beds and personal
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HARLEYSVILLE, Pa. — CBRE has arranged an undisclosed amount of supplemental financing for Arbour Square of Harleysville, a 276-unit independent living community. Located approximately 35 miles north of downtown Philadelphia, the community was opened in two phases between 2006 and
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LEBANON and MOUNT JOY, Pa. — BMO Harris Bank’s Healthcare Real Estate Finance group has provided a $12.3 million credit facility for Juniper Communities LLC. The facility will refinance the mortgages on Juniper Village at Lebanon and Juniper Village at
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DOVER, Pa. — Lancaster Pollard has provided $11 million in Fannie Mae financing for Providence Place Senior Living of Dover. The community offers independent living, assisted living and memory care services in the Central Pennsylvania borough of Dover. The number
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CHRISTIANA, Pa. — Capital Funding LLC has arranged $10.8 million in bridge-to-HUD financing for the acquisition of Harrison House of Christiana in Lancaster County. The property is a 139-bed skilled nursing facility. The borrower was not disclosed. Concurrent with the
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EASTON, MILLVILLE, ORANGEVILLE and STEVENS, Pa. — Greystone has provided a total of $63 million in HUD-insured loans to refinance a portfolio of five skilled nursing facilities in Pennsylvania. Fred Levine of Greystone originated the loans on behalf of Maybrook
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GLEN MILLS, Pa. — Erickson Living has broken ground on an expansion at Maris Grove, a continuing care retirement community in Glen Mills, approximately 20 miles west of Philadelphia and 13 miles north of Wilmington, Delaware. The three-story, 76,000-square-foot project
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MECHANICSBURG and ERIE, Pa. — HJ Sims has arranged a $96.1 million bond refinancing for two seniors housing communities in Pennsylvania. The borrower is Asbury Communities Inc., a nonprofit operator with six communities in Maryland, Tennessee and Pennsylvania. The communities
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YORK, Pa. — Dane Real Estate has arranged the sale of York Towne House, an affordable seniors housing community in York, approximately halfway between Harrisburg and Baltimore. The price was $19.1 million. Neither the buyer nor the seller were disclosed.
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SELLERSVILLE, Pa. — Evans Senior Investments (ESI) has negotiated the sale of Hidden Meadows on the Ridge and The Laurels, a 94-unit assisted living and memory care campus in Sellersville, approximately 30 miles north of Philadelphia. An independent owner-operator sold
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CHARLOTTESVILLE, Va. — Commonwealth Senior Living, a Charlottesville-based owner-operator, has added 10 new senior living communities to its portfolio. The properties are in Pennsylvania, Tennessee and Virginia, consisting of over 660 units. The new communities include: Commonwealth Senior Living at
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DOYLESTOWN, Pa. — Newmark Knight Frank (NKF) has arranged the sale of and financing for Solana at Doylestown, located in the Philadelphia suburbs. The 98-unit seniors housing community opened in 2014 and was 96 percent occupied at the time of
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EXTON, Pa. — Capitol Seniors Housing has started construction of Arbor Terrace Exton, an assisted living and memory care community in Exton, a suburb of Philadelphia. The 78,000 square-foot community will feature 86 apartments located near major medical facilities, restaurants
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WYNDMOOR, Pa. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Wyndmoor Hills, a 180-unit rental continuing care retirement community (CCRC). The community is located on 12 acres in Wyndmoor, an affluent suburb just north of Philadelphia. The
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FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, one of the nation’s largest nonprofit senior living organizations, has acquired an 80,000 SF office building in Fort Washington for an undisclosed price. Acts will move its headquarters to the building and will
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WARRINGTON, Pa. — LCS has acquired The Solana Doylestown, a seniors housing community in Warrington, approximately 20 miles north of downtown Philadelphia.
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UPPER ST. CLAIR, Pa. — Lifespace Communities has completed its $39.5 million expansion project at Friendship Village of South Hills in Upper St. Clair, approximately 12 miles southwest of downtown Pittsburgh.
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BRIDGEVILLE, Pa. — Resort Lifestyle Communities has opened Chartiers Bend Retirement Resort, a 128-unit independent living community in Bridgeville, a southwestern suburb of Pittsburgh.
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ABINGTON TOWNSHIP, Pa. — HJ Sims has arranged $61.6 million in financing for an expansion project at Rydal Park, a continuing care retirement community (CCRC) in Abington Township, approximately 10 miles north of Philadelphia.
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WILKES-BARRE, Pa. — Senior Living Investment Brokerage has arranged the sale of Little Flower Manor and St. Therese Residence, as well as St. Luke’s Villa, both in Wilkes-Barre, which is in Northeastern Pennsylvania.
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COLLEGEVILLE, Pa. — Providence Place, a family-owned senior living company founded by former Pennsylvania governor George Leader, has opened a new location in Collegeville, a tiny borough approximately 25 miles northwest of Philadelphia.
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IRWIN, Pa. — The Knapp Group of Marcus & Millichap has brokered the sale of two seniors housing properties in Irwin, approximately 20 miles southeast of Pittsburgh.
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LANDISVILLE, MILLERSVILLE and KULPMONT, Pa. — KeyBank Real Estate Capital has provided $28 million in HUD-insured financing for Persimmon Ventures.
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BRENTWOOD, Tenn. — CBRE has arranged $160.3 million in financing for Brookdale, which will restructure debt on a five-property, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas.
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LIMERICK, Pa. — Grandbridge Seniors Housing and Healthcare Finance Group has arranged $34 million in financing for the construction of Arcadia at Limerick Pointe, a seniors housing development in Limerick, approximately 30 miles northwest of Philadelphia.
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