property type: Assisted Living/Health Care

OakNorth Bank and Bravo Property Trust have provided $42 million of financing against a pair of assisted-living properties with a total of 177 units in suburban Detroit and Chesapeake, Va. OakNorth, an online bank based in the United Kingdom, moved into ...

Jacksonville Daily Record Quality Senior Housing Foundation Inc. has bought Symphony at St. Augustine, a vacant assisted-living facility in St. Augustine, Fla., for $22.17 million, or $229,595/bed. The Atlanta nonprofit purchased the 74-bed property from Capital Funding Group of Baltimore. ...

South Florida Business Journal Welltower Inc. has purchased the 141-unit Barclay at Parksquare assisted-living facility in Aventura, Fla., for $46.88 million, or $332,482/unit. The Toledo, Ohio, company purchased the 10-story property from Royal Senior Care of Aventura. Barclay at Parksquare, at ...

Commercial Real Estate Direct Staff Report Poppy Bank has provided a $51 million letter of credit facilitating an issue of taxable bonds that were used to finance the 143-unit Weatherly Inn Renton seniors-housing property in the Seattle suburb of Renton, ...

Washington Business Journal A venture of Kisco Senior Living and Welltower Inc. has paid $44 million, or $301,369/unit, for the 146-unit Seneca senior-living property in the Washington, D.C., suburb of Rockville, Md. The venture bought the four-year-old property, at 55 ...

South Florida Business Journal A pair of tenant-in-common investors has bought the 403-unit East Ridge at Cutler Bay in Cutler Bay, Fla., for $24 million, or $59,553/unit. Both TIC groups are managed by three Montvale, N.J., investors: Barry Braunstein, Samuel ...

South Florida Business Journal A venture of Winterpast Capital Partners and Vitality Senior Living has bought the Oasis at Coral Reef, a 127-unit continuing-care facility in Miami for $41.23 million, or $324,646/unit. The Brentwood, Tenn., venture purchased the property from its ...