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.
Pennsylvania
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.
SLIB Negotiates $21.5M Sale of 186-Bed Skilled Nursing Facility in Chambersburg, Pennsylvania
by Jeff Shaw
CHAMBERSBURG, Pa. — Senior Living Investment Brokerage (SLIB) has negotiated the $21.5 million sale of Falling Spring, a skilled nursing facility located at 201 Franklin Farm Lane in Chambersburg, approximately 55 miles southwest of Harrisburg, Pa. Built in 1968 on nearly nine acres, the approximately 100,000-square-foot community features 186 skilled nursing beds. At commencement of marketing, the property generated nearly $3 million in annual net operating income at approximately 88 percent occupancy. Matthew Alley, Toby Siefert and Nick Cacciabando of SLIB represented the unnamed seller and secured the undisclosed buyer in …
BETHEL PARK, PITTSBURGH and NORTH VERSAILLES, Pa. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired three senior living communities in the Pittsburgh metro area: The Residence at Bethel Park in Bethel Park, The Residence at Whitehall in Pittsburgh and Point Pleasant in North Versailles.
WAYNE, Pa. — CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, has started construction of Anthology of King of Prussia, a 192-unit senior living community in Wayne, approximately 17 miles northwest of Philadelphia.