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Memory-care facility exits suit, gains new lender, ownership – BizWest

Memory-care facility exits suit, gains new lender, ownership – BizWest
bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.

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Bank sues to foreclose on Fort Collins memory care center – BizWest

In a complaint filed Tuesday in Larimer County District Court, Stearns Bank N.A. sought a court-ordered foreclosure of the property at 3150 Rock Creek Drive and asked the court to appoint a receiver to manage it.
The original loan of $7.2 million was issued in 2016, and the facility opened in 2017. Stearns claims that it sent a notice of default in April, including the principal amount and an additional $1.16 million in interest and late charges. The loan is accruing $4,076 per day in additional costs.
Aspyre is operated by Solera Senior Living, a chain of senior communities based in Denver that has eight locations across the country. The property has space to care for 64 tenants and currently cares for 22. ....

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Imprint Property Group in Partnership with Batson-Cook Development Co. Breaks Ground on Third Active Adult Community in Texas

NEW BRAUNFELS, TX – Imprint Property Group (IPG), a premier, boutique developer and operator of active adult communities, today announced it has broken-ground on its third active adult recreational community in Texas.
Larkspur at Creekside, a spacious 184-unit, amenity and activity-rich community being created in the San Antonio suburb of New Braunfels, signifies the first of a series of projects in a joint-venture partnership with Batson- Cook Development Company (BCDC), an Atlanta-based subsidiary of Kajima Corporation, one of the oldest and largest developers in Japan.
“We are excited to launch Larkspur at Creekside, our third generation Larkspur 55+ branded community with Batson- Cook Development Company, says Noah Drever, founder and CEO of Tiburon, CA-based IPG. “Our vertically integrated partnership is well-positioned to build out our immediate development pipeline and further elevate “Larkspur” as a premiere boutique 55+ active adult na ....

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