Cogir of Glen Mills has landed $40 million in refinancing, a sign of confidence in the 173-unit senior living community seven years after it first opened its doors, reports Paul Schwedelson for the Philadelphia Business Journal.
New York-based Harbert Management Corp., which bought the Baltimore Pike property for $45 million in 2020, secured the five-year loan from an undisclosed regional commercial bank.
The community had just completed its lease-up, filling out its roster of independent living, assisted living, and memory care residents…