Love Funding Closes $14.5 Million Refinancing for Senior Residence Complex in Pontiac, Michigan Love Funding recently announced the closing of a nonrecourse $14.5 million substantial rehabilitation loan for Oakland Senior Living, a 161-unit senior living complex in Pontiac, Michigan. For Love Funding, it was the second loan secured in as many months for property owner […]
Category: Biz Briefs
CRL Senior Living Communities Begins Offering Discounts Through New Corporate Partnership Program CRL Senior Living Communities recently announced a new Corporate Partnership Program that will allow companies to offer a family discount on long-term care as a benefit to their employees. Seniors who are directly related to an employee at a participating business will be […]
Five Star Quality Care Inc., to Switch Stock Exchange Listing to the New York Stock Exchange Five Star Quality Care, Inc. (NYSE Amex: FVE) announced that it will transfer its stock exchange listing from the NYSE Amex to the New York Stock Exchange (NYSE). FVE’s common stock has been authorized for listing on the NYSE, […]
Cambridge Realty Capital Sees Loan Requests Topping $3.72 Billion in 2010 Cambridge Realty Capital Companies recently announced that it processed 267 loan origination requests in 2010 totaling $3.72 billion, or slightly fewer than last year when the company reviewed 298 loan requests totaling $4.0 billion. “Loan origination request volume remained strong but Cambridge was forced […]
Maravilla Scottsdale Construction Contract Awarded to The Weitz Company Maravilla Scottsdale has awarded The Weitz Company’s Southwest Division the contract for the next phase of construction for the luxury retirement community under development in North Scottsdale. Phase II of the development began on November 30th and will consist of 240,000 square feet of construction with […]
Cambridge Announces Two Refinancing Transactions, See Strong Start to Q4 2010 Cambridge Realty Capital recently announced the completion of two refinancing transactions for facilities located in Illinois totaling over $7.5 million dollars. The company refinanced the Crystal Pines, a 114 bed skilled nursing home facilities located in Crystal Lake, Illinois and also reported closing a […]
Signature Senior Lifestyle Forms UK Senior Housing Development Partnership Signature Senior Lifestyle has announced that it has formed a development partnership with UK institutional investors to develop and operate residential senior care communities in London and the south east of England. Institutional investors, including clients of CBRE Investors, are committing equity to the Partnership alongside […]
Sunrise Senior Living Completes Sale of 8 of 9 German Facilities Sunrise Senior Living announced that it completed the previously announced sale of eight of the Company’s nine German assisted living facilities to GHS Pflegeresidenzen Grundstücks GmbH and TMW Pramerica Property Investment GmbH, the Munich-based business of Prudential Real Estate Investors. The previously announced transaction […]
West Living Acquires a Minority Interest in a Senior Living Community in Bellevue, Washington West Living recently announced a $12.8 million minority investment in The Bellettini, a 145-unit independent and assisted living community in the downtown area of Bellevue, Washington. "The Bellettini is a quality property in a historically attractive market. The investment furthers our […]
NAI Bluestone Real Estate Capital Secures $14.3M in Financing for Senior Housing Facility in Feasterville, PA NAI Bluestone Real Estate Capital announced that it has secured $14.3M in debt and equity financing for the development of the Arbors at Buck Run, an 85 unit assisted living and memory care facility located in Feasterville, PA. Beneficial […]
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