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A venture of Shelbourne Healthcare and Cedarhurst has lined up $35.9 million of construction financing for the 150-unit Shelbourne at Chesterfield seniors-housing project in Chesterfield, Mo. Greystone arranged the financing, which has a five-year term. The lender was not known. ...
Passco Cos. has paid $98 million, or $284,060/unit, for the 345-unit Watermark at Chesterfield Village apartment property in the St. Louis suburb of Chesterfield, Mo. The Irvine, Calif., investment manager, among the most-active players in the structured tax-deferred exchange market, bought ...
Occupancy is less than 80 percent. Hull Property, an Augusta, Ga., retail-property specialist that regularly buys distressed malls backing CMBS debt, bought the property from LB-UBS Commercial Mortgage Trust, 2006-C6, which had held a $140 million loan against 641,800 sf ...
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