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National  + Michigan  + Senior Housing  | 

Michigan Senior Housing Project Receives Construction Financing

Redstone Group Management, Inc. secured $24.8 million in construction financing for Traditions at Rivertown, a senior housing complex in Wyoming, MI, a suburb of Grand Rapids. The 150-unit, Class A property has dedicated units for independent living, assisted living, and memory care.

The property is scheduled to be completed in November 2019, and will feature amenities such as a library, bar and entertainment space, theater, fitness center, underground parking, coffee bar/bistro, lounge, and activity areas.

Walker & Dunlop’s Benjamin Krosin, Jeff Schmidt, Tim Cotter, and Russell Dey partnered with Inner Circle Holdings’ Kari Zapolski to structure the five-year construction loan with three years of interest only with a regional bank.

Redstone Group’s Gary Hensch says, “We are excited to build a high-end senior housing property that will address a significant need in the Grand Rapids market area.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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