by Zach Alexander | Jul 22, 2022 3:53 pm | Acquisitions
Senior Living Investment Brokerage has closed the land sale of an 8.9-acre parcel entitled for 98 seniors housing units, in Woodburn, Oregon. The land sold for $1.7 million, just south of Portland. The buyer was an Oregon-based development group. Jason Punzel, Brad... Read More »
by Zach Alexander | Jul 22, 2022 8:52 am | Financings
Cushman & Wakefield announced the refinancing of a newly developed assisted living/memory care community in Stamford, Connecticut on behalf of Virtus and LCB Senior Living, LLC. Richard Swartz, Jay Wagner, Jim Dooley and Joseph Carbone represented the borrower in... Read More »
by Zach Alexander | Jul 22, 2022 8:37 am | Financings
Meridian Capital Group arranged $40 million in financing for an assisted living and memory care community in Simi Valley, California. Griffin Living, a large privately held real estate developer, obtained the loan, which was provided by a finance company. Proceeds of... Read More »
by Zach Alexander | Jul 21, 2022 3:44 pm | Acquisitions
Los Angeles-based Ararat Home is expanding its presence in Glendale, California with the acquisition of Windsor. The community comprises 73 independent living units in addition to accommodating 38 residents in its assisted living and 28 residents in its skilled... Read More »
by Zach Alexander | Jul 21, 2022 3:43 pm | Developments
Sunrise Senior Living has officially opened its second senior living community on Staten Island. The 120-unit Sunrise of New Drop has 85,000 square feet across four stories and sits on four acres. Providing assisted living and memory care service, it sits adjacent to... Read More »