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In partnership with PIDC, the firms will exclusively develop the project, commencing with a $400 million phase one, which will comprise life sciences, residential and hospitality space.
The firm provides $47 million for transactions in Chicago and San Diego within the new program, which provides rescue capital, mezzanine and preferred equity.
The REIT purchased a senior housing facility in Augusta, GA, and a former senior housing facility in Gulf Breeze, FL, which will be converted into an addiction treatment center.