Stonehaven Purchase Surpasses $7.1 Million (Real Deals)

The sale of a 60-unit assisted living project in Maumelle weighed in at $7.15 million. CHG Senior Living RE Stonehaven LLC, an affiliate of Cornerstone Healthcare Group of Dallas, purchased Stonehaven Assisted Living at 101 Olympia Drive. The seller is Stonehaven Assisted Living LLC, led by James Thomas. The deal is financed with a $5.2 million loan from First Security Bank of Searcy. The 7.59-acre development previously was tied to a July 2005 mortgage of $4.3 million held by Farmers Bank & Trust of Camden. Stonehaven Assisted Living acquired the site for $500,000 more than 11 years ago from Osborne Development Ltd., led by Cindy Bixler.Trampoline TransactionThe future site of an extreme aerial sports facility in west Little Rock tipped the scales at $1.87 million. CT BTS LLC, an affiliate of The McLain Group of Fort Smith, bought five acres at the southeast corner of Col. Glenn and Talley roads. The sellers are Virginia Fleming Unser and Ginger Owens. Construction of the 3rd Realm project for CircusTrix is backed with an 18-month loan of $3.9 million from Chambers Bank of Danville. The property was assembled in two intrafamily transactions with Emily Ann Fleming Dickinson, $2,000 in November 1974, and $18,000 in December 1978.Best Value DealA 53-room motel in northwest Pulaski County changed hands in a $1.48 million deal. Shanti Sai LLC, led by Harshadbhai Patel, acquired the America’s Best Value Inn at 14325 Frontier Drive. The seller is Parkway Motel Inc., led b...
Source: Arkansas Business - Health Care - Category: American Health Source Type: news