RHODE ISLAND — Nixon Peabody LLP has advised Providence Realty Investment (PRI) in seven separate transactions that refinance debt on nine affordable housing properties across Rhode Island. The portfolio totals 708 units of mostly age-restricted affordable housing. All seven of…
EAST PROVIDENCE, R.I. — Lument has arranged a $45.9 million FHA Sec. 232/223(a)(7) loan to refinance Tockwotton on the Waterfront. The 156-unit seniors housing community is located in East Providence. Aaron Becker led the transaction for Lument. “By leveraging our…
NORTH KINGSTOWN, R.I. — Tryko Partners has acquired Scalabrini Villa, a 120-bed skilled nursing facility in North Kingstown, located along Narrangansett Bay south of Providence. The seller and price were not disclosed. “The acquisition of Scalabrini Villa further grows our…
WEST WARWICK, R.I. — LeCesse Development Corp. has broken ground on a 118-unit active adult community in West Warwick, a suburb of Providence. Named Matteson Ridge, the units will comprise a series of single-family-style homes for rent to residents over…
PAWTUCKET, R.I. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Pawtucket Center, a 154-bed skilled nursing facility in the Providence suburb of Pawtucket. The property was built in 1978, expanded in 1997 and renovated in the early…
NORTH PROVIDENCE, R.I. — Private equity investment firm Tryko Partners has been selected to acquire Hopkins Manor, a 200-bed skilled nursing facility in North Providence. Tryko will purchase the property out of receivership for $14.5 million. Tryko and its healthcare…
PROVIDENCE, R.I. — Evans Senior Investments (ESI) has arranged the sale of Elderwood at Riverside, a 57-bed skilled nursing facility in Providence. An East Coast-based owner-operator sold the property to a Southeast-based owner-operator for $4.3 million, or $75,000 per bed.…