Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
property type: Assisted Living/Health Care
Arbor Terrace Peachtree City
GEM Realty Capital has bought the 146-unit Arbor Terrace Peachtree City seniors-housing property in the Atlanta suburb of Peachtree City, Ga. CBRE brokered the deal and arranged Freddie Mac financing, terms of which were not known. The seller and purchase ...
Singh Development to Bring Assisted-Living Facility to Cary, N.C.
Triangle Business Journal An affiliate of Singh Development Co. has filed plans to build an assisted-living facility with 100 beds in Cary, N.C. The property will be called Waltonwood Wake on Geyer Court and be built on more than five ...
Westchester of Sunrise assisted-living facility
An affiliate of Portopiccolo Group has bought the 120-bed Westchester of Sunrise assisted-living facility in Sunrise, Fla., for $26.66 million, or about $222,167/bed. The Edgewood Cliffs, N.J., company purchased the property as part of a larger portfolio from Healthcare Realty ...
Assisted-Living Facility in Sunrise, Fla., Fetches $26.66Mln
South Florida Business Journal An affiliate of Portopiccolo Group has bought the 120-bed Westchester of Sunrise assisted-living facility in Sunrise, Fla., for $26.66 million, or about $222,167/bed. The Edgewood Cliffs, N.J., company purchased the property as part of a larger ...
159-Unit Seniors-Housing Property Planned for Boston
REBusiness Online Kisco Senior Living is planning to build the 159-unit Newbury at Brookline seniors-housing property in Boston's West Side area. The property will have 81 independent-living, 38 assisted-living and 40 memory-care units. It's expected to be completed next fall.
Online Tax-Deferred Exchange Marketplace Launches REIT Targeting Healthcare Properties
Online marketplace 1031 Crowdfunding, which was formed nine years ago to help connect sponsors of structured tax-deferred exchanges with prospective investors, has formed a private REIT designed to provide similar tax-deferral exchanges.
Work Completed on 2 Mass. Seniors-Housing Properties with 191 Units
ConnectCRE Callahan Construction Managers has completed construction of two seniors-housing properties with a total of 191 units in Natick and Millis, Mass. The properties are the 86-unit Anthology of Natick at 119 East Central St., and the 105-unit Anthology of ...
Live Oak Bank Lends $29Mln for Assisted-Living Property on Long Island, N.Y.
Live Oak Bank has provided $29 million of financing against Whisper Woods, a 101-unit assisted-living facility in Smithtown, N.Y. The Wilmington, Del., bank's three-year loan was arranged by JLL Capital Markets. It allowed the owner of the Long Island property, ...
Cambridge Realty Writes $29.2Mln HUD Loan for Fla. Assisted-Living Property
Cambridge Realty Capital has provided $29.2 million of financing under the U.S. Department of Housing and Urban Development's section 232/223(f) program for the 192-unit Aravilla Sarasota assisted-living facility in Sarasota, Fla. The fully-amortizing loan, which has a 35-year term, allowed ...
Grand Villa of St. Petersburg assisted-living facility
Inspired Healthcare Capital has paid $29 million, or about $151,042/unit, for the Grand Villa of St. Petersburg assisted-living facility in St. Petersburg, Fla. The Scottsdale, Ariz., company bought the four-story property from ValStone Partners, a Birmingham, Mich., private-equity investment company.
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