ORIX USA acquires Hunt Real Estate Capital
ORIX Corporation USA completed its acquisition of Hunt Real Estate Capital, creating a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. ORIX will combine Hunt into its existing brands, Lancaster Pollard and RED Capital Group, to form a full-service entity with the goal of emerging as a top-tier national commercial real estate lender.
Hunt President and Chief Investment Officer James Flynn will lead the newly merged firm.
NHI acquires Minnesota assisted living community
National Health Investors (NYSE: NHI) acquired Coventry of Mahtomedi, a 48-unit assisted living and memory care community in Mahtomedi, Minnesota, for $9.34 million. The community will be managed by Chicago-based 41 Management and added to the operator’s master lease with NHI.
Evans Senior Investments (ESI) represented the seller in the transaction.
American House acquires Michigan assisted living facility
American House Senior Living Communities acquired First & Main Metro Health Village, a 102-unit assisted living and memory care community in Wyoming, Michigan. The community has been renamed American House Wyoming.
LCS assumes management of Virginia community
Life Care Services assumed management of Atlantic Shores Retirement Community, a senior housing cooperative in Virginia Beach, Virginia, effective January 1. Atlantic Shores features 667…