PALM DESERT, Calif. — An affiliate of Granite Investment Group has sold 6.8 acres of land in Palm Desert for $5.7 million to WL Palm Desert Property LLC, a wholly owned subsidiary of seniors housing developer and operator West Living LLC.
LOS ANGELES — JCH Consulting Group, a brokerage specializing in seniors housing, has arranged the sale of a 90-unit assisted living and memory care community in Los Angeles for $23.4 million. The name of the facility was not disclosed.
WOBURN, Mass. — Benchmark Senior Living, a seniors housing developer, owner and operator based in Massachusetts, will break ground on Benchmark Senior Living at Woburn on July 29.
FAIR OAKS, Texas — Sodalis Elder Living plans to complete construction on Sodalis at Fair Oaks, an assisted living and memory care facility in Fair Oaks, in the fall of 2016.
ARLINGTON, Texas — Dallas-based healthcare real estate firm Caddis has begun construction on Heartis Arlington, an 81-unit assisted living community in Arlington.
PHOENIXVILLE, Pa. — New Jersey-based operator Brandywine Senior Living has opened the doors on Brandywine Senior Living at Upper Providence, an assisted living community in Phoenixville, about 25 miles northwest of Philadelphia.
PEORIA, Ill. — Healthcare real estate developer Caddis has hired McShane Construction Co. to build a new Heartis luxury assisted living and memory care community in Peoria.
GRANITE BAY, Calif. — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $13.7 million mortgage loan for Eskaton Lodge Granite Bay, a 105-unit nonprofit assisted living facility in Northern California.
The proceeds of the FHA loan were used to retire existing bank debt and an interest rate swap. As a result of the refinancing, Eskaton was able to eliminate the risks associated with the bank debt/swap structure and replace it with a 35-year fully amortizing loan with a fixed mortgage note interest rate of 3.07 percent.
ROSEMONT, Ill. — In an effort to create a national conversation about providing assisted living solutions for low- and middle-income seniors, Gardant Management Solutions hosted an Affordable Assisted Living summit in Rosemont the week of June 15.
SAN DIEGO, Calif. — California-based real estate firm Merrill Commercial Real Estate Inc. has arranged the sale of Golden Living of Point Loma in San Diego for $5.13 million.
HERRIMAN, Utah — Buchanan Street Partners, a real estate investment management firm based in Newport Beach, Calif., has completed construction of Incline at Anthem.
SAN JUAN CAPISTRANO, Calif. — Continuing Life has unveiled plans for Reata Glen, a 480-unit continuing care retirement community in San Juan Capistrano.
PITTSTON, Pa. — HJ Sims has arranged $17.5 million in financing for United Methodist Homes.
SEBASTIAN, Fla. — PGIM Real Estate Finance has provided a $10 million Freddie Mac loan to Watercrest Senior Living Group. The funds will refinance debt on the company’s Pelican Landing community in Sebastian.
PLANO, Texas — The Legacy Senior Communities, a nonprofit organization based in Plano, has elected Jerry Rasansky as chair of the board of trustees.
NEW YORK CITY — Jonathan Rose Cos., The NHP Foundation and Nuveen have acquired Shore Hill Housing, a two-building, 558-unit affordable seniors housing property in Brooklyn, for approximately $150 million.
NEVADA and TEXAS — KeyBank Real Estate Capital has provided a total of $127.7 million in bridge-to-HUD financing for two skilled nursing facility portfolios in Nevada and Texas.
SCOTTSDALE, Ariz. — Ryan Cos., Cadence Living and a controlled affiliate of private investor Starwood Capital Group have started construction of Acoya Scottsdale at Troon, an independent living and assisted living community in the Troon neighborhood of Scottsdale.
NEW YORK CITY — Jonathan Rose Cos., The NHP Foundation and Nuveen have acquired Shore Hill Housing, a two-building, 558-unit affordable seniors housing property in Brooklyn, for approximately $150 million.
NEVADA and TEXAS — KeyBank Real Estate Capital has provided a total of $127.7 million in bridge-to-HUD financing for two skilled nursing facility portfolios in Nevada and Texas.
SCOTTSDALE, Ariz. — Ryan Cos., Cadence Living and a controlled affiliate of private investor Starwood Capital Group have started construction of Acoya Scottsdale at Troon, an independent living and assisted…
WASHINGTON, D.C. — Sims Mortgage Funding, a subsidiary of HJ Sims, has arranged a $22.1 million loan to refinance a memory care community near Washington, D.C.
LOMBARD, Ill. — The Illinois Department of Public Health has approved allowing the public to use health center at Beacon Hill, a continuing care retirement community in Lombard, approximately 20…
Tom Grape has a sobering message for a senior living industry facing a growing number of disruptive forces, including rapid technological change and shifting consumer preferences that pose a threat…
ST. CLOUD, Minn. — Ryan Cos. has broken ground on Talamore, a 138-unit seniors housing community in St. Cloud, approximately 65 miles northwest of Minneapolis.
ROYAL PALM BEACH, Fla. — Hunt Midwest and Integral Senior Living (ISL) have broken ground on The Capstone at Royal Palm, an assisted living and memory care community in Royal…
OHIO — KeyBank Real Estate Capital has provided a $36.3 million FHA 232/223(f) loan for the acquisition of a four-property skilled nursing portfolio in Ohio.
WESTWOOD, Mass. — Fox Hill Village has announced a new agreement with Brigham and Women’s Hospital to operate a Wellness Clinic and a primary care practice on its campus.
INDIANAPOLIS — PR Mortgage & Investments, together with its wholly owned subsidiary RICHMAC Funding LLC, has rebranded as Merchants Capital.
ARDEN, N.C. — Lancaster Pollard has arranged a total of $120 million in financing for SanStone Health & Rehabilitation, a skilled nursing provider.
EUDORA, Kan. — Alcove Properties, a Lawrence, Kan.-based developer, has broken ground on The Homestead of Eudora, a 55-unit assisted living and memory care community.
PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of two assisted living and memory care communities on the Philadelphia Main Line.
STOW, Ohio — Leisure Care has announced a planned remodel at its community in Stow, scheduled for completion in the first half of 2019.
CHICAGO — Charter Senior Living, a Chicago-based operator, has made two changes at its corporate office. Jayne Sallerson has been named chief operating officer while Carol Simbeya was named corporate…
WEST DES MOINES, Iowa – Lifespace Communities, a non-profit owner-operator based in West Des Moines, has announced two new hires to its corporate office.
NEW YORK CITY — Seniors housing REIT giant Welltower Inc. (NYSE: WELL) and international real estate firm Hines have announced plans for a 17-story seniors housing community on the Upper…
CLEVELAND — KeyBank Real Estate Capital has arranged a $291 million Freddie Mac loan for the acquisition of a 17-property seniors housing portfolio.
FAIRFIELD, Conn. — Benchmark has opened Sturges Ridge of Fairfield, an assisted living and memory care community in Fairfield, a coastal town between New York City and Hartford.
FORT WORTH, TEXAS — MedEquities Realty Trust Inc. (NYSE: MRT) has signed a 15-year lease with Creative Solutions in Healthcare, a Fort Worth-based operator of skilled nursing and assisted living…
BELLINGHAM, Wash., and GREAT FALLS, Mont. — Grandbridge Seniors Housing and Healthcare Finance Group has facilitated the closing of two loans for Highgate Senior Living.
CLEMMONS, N.C. — Evans Senior Investments (ESI) has arranged for a new operator at an assisted living facility in Clemmons, a suburb of Winston-Salem.
LAKE WORTH, Fla. — Leisure Care has opened The Landing of Lake Worth in the Palm Beach County city of Lake Worth.
COLLIERVILLE, Tenn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Poplar Oaks Rehabilitation and Healthcare Center, a 114-bed skilled nursing and long-term care facility.
TAMPA, Fla. —MedBest, a Tampa-based senior living executive search firm, has hired Ashley Lodi as senior executive recruiter. In her new role, she is a link between MedBest clients and…
SAN DIEGO and MINNEAPOLIS — ResMed (NYSE: RMD), a San Diego-based healthcare device company, has agreed to acquire MatrixCare, a Minneapolis-based software company focused on the seniors housing industry, for…
MURFREESBORO, Tenn., and WINTER PARK, Fla. — National Health Investors (NYSE: NHI) has entered into a lease amendment and guaranty release with one of its tenants, an affiliate of Holiday…
NASHVILLE, Tenn., and ATLANTA — Cadence Living, a senior living development and management company based in Arizona, has acquired a three-community senior living portfolio in the Atlanta and Nashville metro…
LAS VEGAS — Evans Senior Investments (ESI) has arranged the sale of Vintage Park at San Martín, a 30-unit memory care community in Las Vegas.
COCKEYSVILLE, Md. — Ziegler has arranged $75.6 million in bond financing for Broadmead, an independent, nonprofit continuing care retirement community in Cockeysville, a northern suburb of Baltimore.
KIRKLAND, Wash. — The Wolff Company has broken ground on Revel Kirkland, a 151-unit independent living community in Kirkland, located just across Lake Washington from Seattle.
KINGSPORT, LAWRENCEBURG and HUNTSVILLE, Tenn. — Dwight Capital has provided $13.2 million in financing for the acquisition of three skilled nursing facilities in Tennessee.
HOUSTON — Integral Senior Living has opened The Shores at Clear Lake, an assisted living and memory care community in the southeastern outskirts of Houston.
SARASOTA, Fla. — Revere Capital has financed a $3.6 million loan secured by a 29.1-acre land parcel located in Sarasota.
SMITHTOWN, N.Y. — Benchmark has opened Whisper Woods of Smithtown, an assisted living and memory care community in Smithtown, located on Long Island.
COEUR D’ALENE, Idaho — Radiant Senior Living has broken ground on a 16-unit expansion at The Renaissance at Coeur D’Alene, a seniors housing community in Coeur D’Alene, near the Washington…
ARKANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities in Arkansas for an undisclosed price.
SAN ANTONIO — CBRE has arranged a refinancing for Franklin Park Alamo Heights, a 221-unit independent living, assisted living and memory care community in San Antonio.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based developer, owner and operator, has hired Hollie Kemp as vice president of dementia services and programming.
HILLSBORO, ORE. — The Wolff Co. has broken ground on Revel Amberglen, an independent living community within Hillsboro’s mixed-use Amberglen Business Park.
BOSTON — Cushman & Wakefield Senior Housing Capital Markets, acting as advisor to HCP Inc., has arranged the sale of a portfolio of Brookdale-managed seniors housing communities.
NEW JERSEY — Monticello Asset Management has provided $65 million in bridge-to-HUD financing to HP Intermediate Administrative Services LLC for the acquisition of four seniors housing communities in New Jersey…
FARGO, N.D. — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired The Meadows on University, a 110-bed skilled nursing facility in Fargo.
ALPHARETTA, Ga. — Speak Life, an Alpharetta-based operator, has hired managers for two of new communities in addition to two hires at the corporate level.
CHANDLER, Ariz. — Koelsch Communities is in the midst of construction for Park at Copper Creek, a luxury independent living community in the Phoenix suburb of Chandler.
VALLEJO, Calif. — Cushman & Wakefield Senior Housing Capital Markets has arranged a $23.8 million construction loan for The Lodge at Glen Cove, a 142-unit assisted living and memory care…
FOUNTAIN VALLEY, Calif. — Bend, Oregon-based Sunshine Retirement Living has announced plans for Park View Estates, a 100,000-square-foot assisted living and memory care community in Fountain Valley, located approximately 35…
LAS VEGAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of Pacifica Regency, a 73-unit assisted living and memory care community in Las Vegas.
PORTLAND, Ore. — Carnegie Capital has sourced and structured a $6.2 million cash-out refinancing for a 39-unit assisted living and memory care community in Portland.
PLEASANTON, Calif. — Stoneridge Creek, a continuing care retirement community in the Bay Area city of Pleasanton, has completed a two-year expansion project on its 50-acre campus.
KALISPELL, Mont. — Immanuel Lutheran Communities has completed a 58,000-square-foot independent living expansion at its continuing care retirement community in Kalispell, which it claims as the only CCRC in Northwest…
CHANDLER, Ariz. — Operator Seasons Management has opened Parkland Memory Care, a 72-bed memory care community in the Phoenix suburb of Chandler.
WENATCHEE, Wash. — CBRE has arranged a $9 million refinancing for Fieldstone Memory Care of Wenatchee, a recently completed memory care community in Wenatchee.
MANSFIELD, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Ontario Commons, a 30-unit assisted living community in Mansfield, approximately midway between Cleveland and Columbus.
MORGANTON, N.C. — Carolinas HealthCare System Blue Ridge has started a $15 million renovation project at Grace Ridge, a 52-acre continuing care retirement community (CCRC) in Morganton.
CHICAGO— The National Investment Center for Seniors Housing & Care (NIC) kicked off its 2018 Fall Conference in Chicago by announcing a new software partner certification for measuring rental rates…
BELLEVUE, Wash. — BMO Harris Bank’s Commercial Real Estate Healthcare group has closed $16.7 million in acquisition and renovation financing for Sagebrook, an independent living, assisted living and memory care…
MELBOURNE, Fla. — Discover Senior Living has finished a 36-unit independent living expansion at Discovery Village At Melbourne.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has hired Kerry Thurston as vice president of operations.
CHICAGO — Some 92 percent of executives from the seniors housing and long-term care industry expect the pace of mergers and acquisitions within the sector to remain the same or…
LAFAYETTE, La. — Abby Development has broken ground on The Vincent, a 255-unit seniors housing development in Lafayette.
ST. LOUIS — Love Funding has hired Eric Forguson as senior director of originations. Forguson will join the Love Funding team in St. Louis.
HANOVER PARK, Ill. — Aman Living has unveiled plans for Verandah Retirement Community in Hanover Park, a village 30 miles northwest of Chicago.
GAITHERSBURG and SOLOMONS, Md. — HJ Sims has closed $96.1 million in bond financing for Asbury Atlantic, a continuing care retirement community owner-operator based in Frederick, Md.
FRESNO, Calif. — CBRE has provided $32 million in Freddie Mac financing for the acquisition of The Windham Senior Living, a 200-unit independent living and assisted living community in Fresno’s…
GREENTOWN, Ind. — Lancaster Pollard has provided a $6.7 million HUD refinancing for Century Villa Health Care, an 84-bed skilled nursing facility and 43-unit assisted living facility in Greentown, a…
WESTMINSTER, Colo. — CA Senior Living LLC has started construction of Atria Westminster, a five-story, 137-unit senior living community in Westminster, approximately 10 miles northwest of Denver.
ALLEN, Texas — KWA Construction has completed Larkspur at Twin Creeks, a 243-unit independent living complex in Allen, approximately 25 miles north of downtown Dallas.
RIVERVIEW, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of The Crossings at Riverview, a 92-unit seniors housing community currently under development in the Tampa suburb of…
REDMOND, Wash. — Lancaster Pollard has provided $4.9 million in HUD-insured financing for Peters Creek Retirement and Assisted Living in Redmond, a suburb of Seattle.
CHICAGO — Gary Cohn, a Wall Street titan who served as chief economic advisor to President Donald Trump for more than a year, has a two-word solution to America’s broken political…
DALLAS — Ziegler has arranged $91.9 million in tax-exempt bond financing for Presbyterian Village North, a massive, nonprofit continuing care retirement community (CCRC) in Dallas.
DAWSONVILLE, Ga. — Senior Living Investment Brokerage has arranged the sale of North Georgia Assisted Living, a 32-unit community in Dawsonville, approximately 60 miles north of Atlanta.
LITTLETON, Colo. — Haven Senior Investments has arranged the sale of Golden Orchard Assisted Living, a 40-bed memory care facility in Littleton.
SCOTTSDALE, Ariz. — Mike Dollander has joined Cadence Living as vice president of operations for the Southeast region.
WASHINGTON, D.C. — The Veterans Administration has issued new rules and regulations that could dramatically affect the eligibility of veterans, according to Patriot Angels, an organization that seeks to help…
DALLAS — Connecticut-based investment bank HJ Sims has closed on $186.5 million in financing for Legacy Midtown Park, a 325-unit continuing care retirement community in Dallas that broke ground over…
PUYALLUP, Wash. — Koelsch Communities has unveiled plans for Deer Ridge Memory Care, a 52-unit standalone memory care community in Puyallup, approximately 35 miles south of Seattle.
PITTSBURGH — Greystone has provided $19.5 million in bridge financing for the acquisition of Squirrel Hill Center for Rehabilitation and Health in Pittsburgh.
DAYTON, Ohio — Blueprint has arranged the sale of Forest View Center, an 87-bed skilled nursing facility in Dayton, for an undisclosed price.
COLLEGE STATION, Texas — Sodalis Senior Living will hold a groundbreaking on Oct. 24 for Sodalis College Station, an assisted living and memory care community located less than three miles…
ROCK HILL, S.C. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged $17.5 million in financing for the construction of HarborChase of Riverwalk, an 88-unit assisted living and…
ST. PETERSBURG, Fla. — Solvere Living, the operations division of St. Petersburg-based Solutions Advisors Group, has been contracted to operate six additional seniors housing communities, bringing its operational portfolio up…
COLORADO SPRINGS, Colo. — The Wolff Company has completed construction of Province Springs, a 160-unit independent living community in Colorado Springs. A grand opening event is scheduled for Wednesday, Oct…
WARNER ROBINS, Ga. — Senior Living Investment Brokerage has arranged the sale of Lake Joy Assisted Living, a 51-unit assisted living community in Warner Robins, approximately 100 miles southeast of…
NEW YORK CITY and LOUISVILLE, Ky. — Related Cos., a privately owned, New York-based real estate firm, has entered into a joint venture with Atria Senior Living, a Louisville-based operator…
YOUNGSTOWN, Ohio — Greystone has provided $15 million in bridge financing for the acquisition of two skilled nursing facilities in Youngstown, located near the Pennsylvania border approximately midway between Cleveland…
BIRMINGHAM, Ala. — As Hurricane Michael bore down on the Florida Panhandle, Methodist Homes of Alabama & Northwest Florida moved 78 residents to new locations.
SEATTLE and MUKILTEO, Wash. — Integral Senior Living, a California-based operator, has assumed management of three senior living communities in Washington state.
BOSTON — Jewish Community Housing for the Elderly, a nonprofit operator based in Boston, has rebranded itself as 2Life Communities.
WESTMINSTER, Colo. — Marcus & Millichap has arranged the sale of San Marino Retirement Community, a 185,871-square-foot independent living, assisted living, and memory care community in Westminster, just north of…
CONCORD, Calif. — CBRE has arranged $11.2 million in financing for the acquisition of Entrust of Concord, a 101-unit independent living, assisted living and memory care community in the Bay…
WESTVILLE, N.J. — RPM Development Group has opened Westville Commons, a 55-plus apartment community in Westville, located just across the Delaware River from South Philadelphia.
BOSTON — Cushman & Wakefield Senior Housing Capital Markets Group has arranged recapitalization financing for a 289-unit independent living, assisted living and memory care portfolio in New England.
NEW YORK CITY — KeyBank Real Estate Capital has provided a $720 million refinancing to New Senior Investment Group (NYSE: SNR).
BLOOMFIELD HILLS, MICHIGAN – American House Senior Living Communities has purchased Vista Springs of Macedonia in Macedonia, renaming the property American House Macedonia.
BOURNE, Mass. — JLL Capital Markets, Seniors Housing has arranged a $27.5 million Fannie Mae refinancing for Keystone Place at Buzzards Bay in Bourne, located at the base of Cape…
MIDDLEBURG, Fla. — The Vestcor Companies has opened Cassie Gardens, a 96-unit affordable seniors housing community in Middleburg, a southwestern suburb of Jacksonville.
BOSTON — Housing & Healthcare Finance (HHC Finance) has hired Stephanie Anderson as national sales director. Although the company is based in Maryland, Anderson will be based in Boston.
RIVERSIDE, Calif. — CBRE has provided a $24.9 million Fannie Mae refinancing for Welbrook Arlington, a 207-unit independent living, assisted living and memory care community in Riverside.
CUYAHOGA and STREESBORO, Ohio — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged the sale of an assisted living portfolio in Cuyahoga and Streetsboro.
ROMEO, Mich. — Capital One has provided a 35-year, fixed-rate, $17.1 million loan to refinance a 104-unit skilled nursing facility in Romeo, a northern suburb of Detroit.
PHOENIX — Brookdale Senior Living has completed an expansion at its Brookdale Desert Ridge community in Phoenix, adding 20 units for memory care residents.
VERO BEACH, Fla. — Watercrest Senior Living Group has promoted Rose Pietras to vice president of sales and marketing.
RIDGEWOOD and MONTCLAIR, N.J. — Evans Senior Investments (ESI) has arranged the sale of a two-property skilled nursing portfolio in New Jersey for $31.5 million.
WORCESTER, Pa. —Meadowood Senior Living, a nonprofit, independent continuing care retirement community, has broken ground on The Grove, a $30 million independent living expansion.
DES MOINES, Iowa — LCS has hired Monica Friedman as senior vice president and chief human resources officer, reporting to Joel Nelson, the company’s president and CEO.
DELAND, Fla. — Orlando-based Roger B. Kennedy Construction has broken ground on the new Banyan Cove senior living apartments in DeLand, near Orlando.
ST. LOUIS — Allegro Senior Living has hired Mariola Dosey to the newly created position of vice president of lifestyle.
TOWN AND COUNTRY, Mo. — Lutheran Senior Services has started construction of an independent living expansion of Mason Point, a seniors housing community in the St. Louis suburb of Town…
KENNETT SQUARE, Pa. — Kendal Corp., a Kennett Square-based owner-operator, has promoted Marvell Adams Jr. to the position of chief operating officer.
EL PASO, Texas — Evans Senior Investments has arranged a lease agreement for a 120-bed skilled nursing facility in Texas.
KANSAS CITY, Mo. — Mike Levitt, vice president and chief compliance officer for Tutera Senior Living & Health Care, has been elected president of the Missouri Health Care Association (MHCA)…
PALM DESERT, CALIF. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged the sale of Bella Villaggio, a 148-unit assisted living and memory care community in Palm Desert…
CINCINNATI — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities in Cincinnati. The portfolio totals 159 beds.
ORLANDO, Fla. — LV Lending, a Miami-based private lender, has provided a $2.1 million bridge loan to Stonegate Development Co.
DETROIT — Knapp Group Seniors Housing Advisors of Marcus & Millichap has brokered the sale of an 88-bed skilled nursing facility in metro Detroit. The name and specific location were…
ANNAPOLIS, Md. — The occupancy rate for seniors housing across the United States was steady in the third quarter of 2018, according to new data from the National Investment Center…
ST. LOUIS — Griffin-American Healthcare REIT IV Inc., which is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC, has acquired a portfolio of skilled nursing facilities located throughout the…
ROME, Ga. — Berry College has announced plans for The Spires at Berry College, a 48-acre continuing care retirement community (CCRC) on its campus in Rome, approximately 70 miles northwest…
LAS VEGAS — The Ensign Group Inc. (NASDAQ: ENSG), through its Bridgestone Living portfolio company, has acquired Villa Court Assisted Living and Memory Care in Las Vegas.
ORLAND PARK, Ill. — Smith Senior Living has started construction of a new rehabilitation building at Smith Crossing, a continuing care retirement community (CCRC) in Orland Park, approximately 30 miles…
BROOKLINE, Mass. — Jewish Community Housing for the Elderly (JCHE) has announced plans for a 62-unit affordable seniors housing community in Brookline, a town just southwest of downtown Boston.
DES PLAINES, Ill. — Capital One has provided $28.4 million in HUD financing to refinance a 383-unit seniors housing community in the Chicago suburb of Des Plaines.
WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a seniors housing REIT, is urging continued attention to disaster recovery in the aftermath of Hurricane Florence, which made landfall in…
KAPOLEI, HAWAII — Gardena, Calif.-based Highridge Costa Cos., in partnership with Honolulu-based Coastal Rim Properties, has broken ground on Kulana Hale, a mixed-use and affordable seniors housing project in Kapolei. Designed…
JACKSON, Miss. — Operator Blake Management Group (BMG) and developer LifeCare Properties LLC have announced a joint venture that will expand the resort-style Blake senior living communities nationwide.
WILMINGTON, Del. — CBRE has arranged $25.5 million in financing for a joint venture between Bourne Financial Group and HRA Senior Living.
CHICAGO — Love Funding, a provider of FHA multifamily, affordable and healthcare financing, has hired Brent Frank as a senior director of originations. Frank will join Love Funding’s Chicago office.
LAKEWOOD, Colo. — The Ridge Senior Living has completed vertical construction of The Ridge at Pinehurst, an 18-acre independent living, assisted living and memory care community in the first-ring Denver…
PRINCE FREDERICK, Md. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Calvert County Nursing Center, a 149-bed skilled nursing facility in Prince Frederick, located near Chesapeake Bay…
DALLAS — Adolfson & Peterson Construction has completed construction of Adora Midtown Park, a 77,132-square-foot senior living facility in Dallas.
BALTIMORE — Greysteel has arranged the sale of Lakewood Apartments, a Section 8 affordable housing community for seniors in Baltimore.
CHARLOTTE, N.C. — Walker & Dunlop Inc. has hired Michael Davis as senior vice president in the company’s FHA Finance group.
CARSON, Calif. — Affirmed Housing has opened Bella Vita, a 65-unit affordable seniors housing community in Carson, located approximately 15 miles south of downtown Los Angeles.
OAKLAND, Calif. — Activated Insights, the Great Place To Work Institute and Fortune magazine have released their first “Best Workplaces in Aging Services” list.
ASPEN HILL, Md. — Pennrose has completed vertical construction of Pointe View at Aspen Hill, a 120-unit, mixed-income seniors housing community in Aspen Hill, located just north of Washington, D.C.
AUSTIN, Texas — CBRE has arranged an undisclosed amount of financing for Bridgewood Property Co. and Harrison Real Estate Capital. The borrowers will use the loan to refinance debt on Village…
LACEY, Wash. — Scottsdale, Ariz.-based The Wolff Co. has completed Revel Lacey, a seniors housing community located at 211 Hoh St. SE in Lacey. The community will celebrate its grand…
COAL TOWNSHIP, Pa. — Lancaster Pollard has arranged a $16.8 million HUD-insured refinancing for Mountain View, a seniors housing community in the Central Pennsylvania town of Coal Township. The 271-bed…
DALLAS — Berkadia has added Bianca Andujo as a senior director to its to its Seniors Housing & Healthcare Group. She will be based in the Dallas office, reporting to…
CHICAGO — Ziegler, a Chicago-based specialty investment bank, has arranged $200.6 million in bond financing for nonprofit seniors housing owner-operator Trousdale Foundation Properties.
MAULDIN, S.C. — Sunshine Retirement Living has broken ground on Maple Brook Terrace Retirement Community, a 133-unit seniors housing community in Mauldin, a suburb of Greenville.
CHARLESTON, S.C., and CHARLOTTE, N.C. — Frampton Construction Co., a regional full-service construction firm serving several industries throughout the Carolinas, including seniors housing, has added three new team members. The…
INDIANAPOLIS and LOUISVILLE, Ky. — CBRE has arranged an undisclosed amount of acquisition financing for a joint venture between LCS Real Estate and TH Real Estate. The borrowers will use…
SIMI VALLEY, Calif. — Canyon Partners Real Estate LLC has provided $10.6 million of preferred equity for the construction of a seniors housing community in Simi Valley, approximately 40 miles…
ATLANTA — The City of Atlanta, Invest Atlanta, and The Prestwick Companies have opened Gateway Capitol View, an affordable seniors housing community in Atlanta’s Capitol View neighborhood.
ATLANTA — Approximately 396 seniors housing properties came online or opened in the top 100 metro areas in the country from the fourth quarter of 2016 to the fourth quarter…
ST. PETERS, Mo. — Ryan Cos. has broken ground on Clarendale of St. Peters, a 214-unit independent living, assisted living and memory care community in the St. Louis suburb of St…
PHOENIX — LCS has completed construction of Desert Willow Assisted Living Center, a 44-unit expansion of its Sagewood continuing care retirement community.
CARLSBAD, Calif. — Integral Senior Living, a Carlsbad-based owner-operator, has promoted Shana Robertson and Amanda Crawley to new positions on the company’s executive team.
AUSTIN, Texas — Fort Worth-based Civitas Senior Living has opened Double Creek Assisted Living and Memory Care and Tech Ridge Oaks Assisted Living and Memory Care in North Austin.
KISSIMMEE, Fla. — Watercrest Senior Living Group and Providence One Partners have entered the final construction phase of Sage Park Assisted Living and Memory Care in the Orlando suburb of…
ROCKFORD, Mich. — Leisure Living Management has completed a $3 million, 20-unit expansion at Boulder Creek Assisted Living and Memory Care.
METHUEN, Mass. — Sunshine Retirement Living has broken ground on The Woods at Merrimack, a 140-unit seniors housing community in Methuen, approximately 30 miles north of Boston along the New…
SOUTHERN FLORIDA — Marcus & Millichap has arranged the sale of a two-property skilled nursing portfolio in Southern Florida for $24 million. The specific names and locations of the properties…
FORT WORTH, Texas — Ascend Partners LLC and Civitas Senior Living have broken ground on The Grandview of Chisholm Trail, a 70,000-square-foot seniors housing property in Fort Worth.
FULLERTON, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Richman Gardens, a standalone memory care community in the Orange County city of Fullerton.
CINCINNATI and BRUNSWICK, Ohio — Dwight Capital has provided a total of $14.2 million in bridge and mezzanine financing for two skilled nursing facilities in Ohio.
FRANKLIN, Tenn. — Vitality Senior Living and Traditions Senior Living, both operators based in Franklin, have merged to for Vitality Living.
BAYTOWN, TEXAS — Dallas-based Abby Development has begun work on The Lodge at Pine Creek, a 217-unit seniors housing project in Baytown, an eastern suburb of Houston.
EAST NORTHPORT, N.Y. — Cambridge Realty Capital Cos. has arranged $10.4 million in HUD financing for Birchwood Suites, a seniors housing community in East Northport, a hamlet on Long Island.
TRAVERSE CITY, Mich. — Knapp Group Seniors Housing Advisors of Marcus & Millichap has brokered the sale of a 56-unit independent living and assisted living community in Traverse City.
SKOKIE, Ill. — Covenant Retirement Communities Inc., a nonprofit owner-operator, based in Skokie has rebranded. The company will now be named Covenant Living Communities and Services.
ATLANTA — As internet-connected technology continues to become ubiquitous in our everyday lives, residents at senior living facilities across the United States are using more and more devices.
SANDY SPRING, Md. — Religious Society of Friends has unveiled plans for a major expansion project at Friends House Retirement Community, a continuing care retirement community in Sandy Spring, located…
WENATCHEE, Wash. — Contemporary Healthcare Capital has provided a $2.4 million mezzanine loan to Regency Pacific Management.
ROCKVILLE, Md. — Ingleside, a Rockville-based nonprofit operator, has hired Salvatore “Sam” Albanese as senior vice president of human resources and compliance. His responsibilities will consist of leading Ingleside’s human…
CHICAGO — The Colliers International-Affordable Housing Group has completed the sale of Willa Rawls Manor, a 123-unit affordable seniors housing tower in Chicago.
PROSPECT HEIGHTS, Ill. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged the sale of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care community…
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a publicly traded healthcare REIT based in Murfreesboro, has entered into a $300 million bank term loan with a five-year maturity.
NEW PROVIDENCE, N.J. — Erickson Living has unveiled plans for an expansion at Lantern Hill known as Bell Pavilion.
NILES and MILAN, Ohio — Cambridge Realty Capital Cos. has provided HUD loans for three Continuing Healthcare-owned skilled nursing facilities in Ohio.
BURTONSVILLE, Md. — Knapp Group Seniors Housing Advisors of Marcus & Millichap has arranged the sale of a 145-bed skilled nursing facility in Burtonsville, located midway between Baltimore and Washington…
MESQUITE, Nev. — Contemporary Healthcare Capital has provided $2.5 million in mezzanine financing for Mission Senior Living to develop a 78-unit seniors housing community.
SYKESVILLE, Md. — Healthcare Transactions Group Inc. has arranged the sale of Transitions Healthcare at Sykesville, a 118-bed skilled nursing facility in Sykesville, approximately 25 miles northwest of Baltimore.
ANNAPOLIS, Md. — Occupancy in the skilled nursing segment has been declining for years, a slide to a record-low 81.7 percent in second-quarter 2018, according to data compiled by the…
FEDERAL WAY, Wash. — CBRE has arranged $21.6 million in financing for Village Green Retirement Campus, a 167-unit independent living and assisted living community in the Seattle suburb of Federal…
SOUTH ELGIN, Ill. — Spectrum Retirement Communities has started construction of Silver Glen Senior Living in South Elgin, approximately 40 miles west of Chicago.
GAITHERSBURG, Md. — HH Venture, a limited Partnership led by MRK Partners and operated by a Maryland native, recently transformed the Hyatt House Hotel in Gaithersburg into a 140-unit seniors…
SPRING, Texas — Capital Square 1031, a real estate investment and management firm, has acquired a newly completed, 10,000-square-foot memory care community in the Houston suburb of Spring. The price…
TUCSON, Ariz. — Columbia Pacific Advisors, through is bridge lending platform CPIF Lending, has provided a $6.2 million loan to Frontier Management.
Investing in a quality market study is an important step for a developer to take before breaking ground on a new seniors housing community, but the analysis alone cannot predict…
WELLINGTON, Fla. — ZOM Senior Living, in a venture with Liberty Senior Living, has acquired a 46-acre lakefront site in Wellington, a village in Palm Beach County. The companies plan…
RED BANK, N.J. — Locust Point Capital has closed its debut fund, Locust Point Private Credit Fund LP. The company plans to provide subordinate debt, preferred equity, and opportunistic senior…
ATHENS, Ga. — Presbyterian Homes of Georgia has broken ground on Presbyterian Village Athens, which the developer claims will be the first continuing care retirement community (CCRC) in Athens.
CUYAHOGA FALLS, Ohio — A public-private partnership between The NRP Group and the City of Cuyahoga Falls has opened Brookside Residences, a mixed-income seniors housing community in Cuyahoga Falls, a…
WASHINGTON, D.C. — Ingleside, an operator serving the greater D.C. area, has named Frank Beech as the new executive director at Ingleside at Rock Creek, located in the northwest portion…
WOOD COUNTY, Wis. — Atrium Health and Senior Living, a skilled nursing and seniors housing operator based in New Jersey, has placed 33 of its properties into receivership, according to…
EAST LANSING, Mich. — HJ Sims has arranged a $14 million refinancing for Burcham Hills, a continuing care retirement community in East Lansing. The funds will be used to reposition…
CHICAGO — Interra Realty has brokered the $6 million sale of a four-story skilled nursing facility in Chicago’s West Loop.
SACRAMENTO, Calif. — CBRE has provided the refinancing of Campus Commons, a 126-unit independent living community in Sacramento. The amount of the loan was not disclosed.
FORT WORTH, Texas — Fort Worth-based operator Civitas Senior Living has hired Misty Miller to the newly created position of chief wellness officer.
CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, a Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., today announced that it has been approved as a Seniors…
ANCHORAGE, Alaska — Love Funding has arranged a $20.1 million bridge loan for the construction of Baxter Senior Living, an assisted living community in Anchorage.
SARATOGA, Calif. — CareTrust REIT (NASDAQ: CTRE) has acquired Our Lady of Fatima Villa, featuring 85 beds of skilled nursing and 37 units of assisted living in the San Jose…
TUCSON, Ariz. — Columbia Pacific Advisors has provided a $6.2 million refinancing for Catalina Springs Memory Care in Tucson.
FREMONT, Ohio — Senior Living Investment Brokerage has arranged the sale of Pristine Senior Living and Post-Acute Care of Fremont, an 82-bed skilled nursing facility, for $2 million.
CARLSBAD, Calif. — Carlsbad-based operator Integral Senior Living has promoted Kristen Curran-Brookham to director of resident programming, a newly created corporate support position.