Ziegler Closes on $197M for Construction, Development
Ziegler announced the successful closing of $197.7 million in Series 2022 Bonds that will be used for acquiring, developing and building a Texas-based senior living community for Forefront Living.
Formerly known as Forefront Living Plano, the Outlook at Windhaven Forefront Living is a planned senior living community expected to have 239 IL, AL and memory care units.
The proceeds of the bonds will be used in conjunction with other funds to finance or refinance the cost of acquiring, developing and building the community.
Cushman & Wakefield Advises $70M Financing for Avenida Partners
Cushman and Wakefield announced that it acted in an advisory role for Avenida Partners in the procurement of $70 million for the development of a 154-unit active adult community in Folsom, California.
The money was provided in a joint venture between Blue Mountain Enterprises and Argosy Real Estate Partners with construction financing provided by Comerica Bank. Cushman & Wakefield’s Richard Swartz, Jay Wagner, Arron Rosenzweig and Tim Hosmer represented the borrower.
The community, to be called Avenida Folsom, will be a four-story community for adults aged 55 years or older with amenities like a fitness studio, bistro and sports bar.
Northmarq Provides $22M for Refinancing
Northmarq Capital announced its White Plains office has completed the $22 million refinance of an active adult community in Croton-on-Hudson, New York named Springvale Apartments.
Springvale Apartments includes 541 units spread thoughout 31 buildings across a 35-acre park-like location on the Hudson River. It includes amenities such as a community clubhouse with a library, an exercise studio and a computer desk in a common room.
Northmarq arranged the permanent-fixed loan for the borrower
through its in-house Fannie Mae team.
Kisco Adds AL, Memory Care Community
Kisco Senior Living announced the addition of The Kensington at Walnut Creek to its senior living portfolio.
The Kensington at Walnut Creek is a luxury assisted living and memory care community located in Walnut Cree, California with 184 units and amenities like landscaped courtyards, walking paths and putting greens.
The Kensington is the second community in Kisco’s portfolio located in Walnut Creek — the other being Byron Park.
The post Transactions & Financings: Ziegler Closes Nearly $200M for New Community; Kisco Adds Community in California appeared first on Senior Housing News.
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