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.
Texas
DENVER — Cappella Living Solutions, a Denver-based operator, has assumed management of 12 senior living properties across Texas, Colorado and the Midwest. The operational switch serves three separate ownership groups, and the communities serve more than 800 seniors.
Chicago Pacific Founders Acquires Assisted Living, Memory Care Community in Richardson, Texas
by Jeff Shaw
RICHARDSON, TEXAS — Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management, have purchased Twin Rivers Assisted Living and Memory Care, a seniors housing community located in Richardson. Situated on five acres, the community features 83 assisted living and memory care units, as well as amenities and programming for residents. The buyer plans to invest in the facilities to enhance the quality of life for all stakeholders — residents, families, associates and prospective residents. Terms of the deal were not disclosed. Grace Management will manage the property.
Ilan Investments Breaks Ground on 229-Unit Independent Seniors Living Community in Houston
by Jeff Shaw
HOUSTON — Ilan Investments has broken ground on Arella on Jones, an independent senior living community located in Northwest Houston. The project developed by Houston-based Ilan Investments and co-financed by Ilan Development and Bancorp South. Designed by Meeks Partners, the community will be built by Dallas-based general contractor Spring Valley Construction. Slated to open for occupancy in summer 2022, Arella on Jones will feature 229 units and multiple amenities, including an outdoor pool, outdoor kitchen and dining area, dog park, golf putting green, outdoor gaming area, cabana, interior/exterior walking paths, a …