by Steph Mallozzi | Feb 20, 2025 3:09 pm | Acquisitions
JLL Capital Markets completed the sale of Pine Grove Crossing, a 127-unit assisted living and memory care community in Parker, Colorado. Built in 2018, Pine Grove offers 100 AL and 27 MC units in a three-story building across 4.41 acres. At the time of sale, it was... Read More »
by Steph Mallozzi | Feb 20, 2025 3:07 pm | Acquisitions, Financings
Berkadia Seniors Housing & Healthcare facilitated the sale and financing of a 90-unit assisted living and memory care community in Edmond, Oklahoma. Built in 2016, the community features 58 AL and 32 MC units and is among the newest seniors housing communities... Read More »
by Steph Mallozzi | Feb 18, 2025 3:25 pm | Acquisitions, Financings
Live Oak Bank provided financing for the acquisition of Whisper Woods of Smithtown by a joint venture between National Development and Benchmark Senior Living. The previous owner, Sculptor Real Estate, refinanced the property in 2023. Live Oak provided that $29... Read More »
by Steph Mallozzi | Feb 14, 2025 2:58 pm | Financings
BWE arranged a $20 million loan to provide permanent financing for Lake Place, a 110-unit active adult community in Chanhassen, Minnesota. Lundat Kassa of BWE originated the financing through Freddie Mac on behalf of the borrower, Silver Creek Equity, a... Read More »
by Steph Mallozzi | Feb 14, 2025 2:57 pm | Financings
Berkadia announced the arrangement of $25.6 million in bridge financing for an assisted living community in Spokane, Washington. Steve Muth, Austin Sacco and Garrett Sacco secured the financing through Berkadia’s bridge lending program for a Pacific Northwest sponsor... Read More »