$18.3 MILLION ARRANGED FOR SENIOR HOUSING COMPLEXES

VIRGINIA BEACH, VA., AND WILMINGTON, N.C. — KeyBank Real Estate Capital has secured $18.3 million in loans for two Oakdale Heights senior housing properties. San Diego-based Pacifica Companies took out a $9.3 million loan for an 86-unit complex in Virginia Beach and a $9 million loan for an 87-unit property in Wilmington. Fannie Mae provided financing.