SIMPSONVILLE, S.C. — Construction is underway on Fairview Park Assisted Living Facility, developed by Graycliff Capital Senior Housing, across a 10-acre parcel near Hillcrest Memorial Hospital in Simpsonville.
BURLINGTON, Wisc. — Blueprint Health Care Real Estate Advisors has brokered the sale of Arbor View Communities in Burlington for $8.55 million. Arbor View is a 50-unit assisted living and memory care community consisting of two distinct buildings built in 2008 and 2011.
Care Investment Trust has acquired six communities throughout the Northeast from The Hollinger Group for $54.5 million in a transaction brokered by Senior Living Investment Brokerage.
YORK, Pa. — Evans Senior Investments has facilitated the sale of The Haven at Springwood, a 99-unit facility located in York, about 100 miles west of Philadelphia. A regional private equity firm focused on Senior Housing assets purchased the assisted living and memory care facility for $11.85 million, or $119,697 per unit.
ALBUQUERQUE, N.M. — Marcus & Millichap has brokered the sale of Casa de Rosa, an assisted living facility in Albuquerque, for $5.275 million. The seller was a local family who previously purchased the property (then vacant) from a non-profit organization. This was the seller’s sole seniors housing property, and was sold as the owners planned to retire. The buyer was an investment group from California.
BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.
New president and CEO discusses rebranding and credentialing programs
SHAWNEE, Kansas — Granite Investment Group has acquired a 48-unit assisted living facility in the Kansas City suburb of Shawnee for $7.2 million. The transaction was completed at an all-in cap rate of approximately 8.4 percent and features a long-term bond net lease that expires in 2030.
GLEN ELLYN, Ill. — Senior Living Investment Brokerage has brokered the sale of a five-community portfolio — four in South Carolina and one in Florida — for a purchase price of $29 million.
TERRE HAUTE, Ind. — Mainstreet and Trilogy Health Services are preparing to open a new seniors community, Harrison’s Crossing Health Campus, in Terre Haute. Located at 395 8th Ave., Harrison’s Crossing Health Campus will provide transitional care (short-stay rehabilitation and therapy) and assisted living.
NEW YORK CITY — Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell Brookdale Battery Park, an independent living community in Manhattan, for $194 million.
MIAMI — A public-private collaboration between Miami-Dade County, Pinnacle Housing Group and the South Miami Heights Community Development Corp. has broken ground on Caribbean Village, an affordable seniors housing property in Miami.
WASHINGTON and OREGON — JCH Senior Housing Investment Brokerage has arranged the sale of four assisted living and memory care communities in Washington and Oregon.
RICHFIELD, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of Pine Valley Care Center, a 96-bed skilled nursing facility located in Richfield, approximately 20 miles south of Cleveland.
ATLANTA — HJ Sims has arranged $15 million in revolving pre-development financing for an expansion project at Lenbrook, a continuing care retirement community (CCRC) in Atlanta.
SPRING, Texas — Discovery Senior Living has completed the renovation of Conservatory At Champion Forest, a seniors housing community in Houston suburb of Spring.
MILTON, Fla. — The Vestcor Companies has opened Carter Crossing, a 93-unit affordable seniors housing community in Milton, located at the far west end of the Florida Panhandle.
MILWAUKEE, Wis. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Lake Terrace Health and Rehabilitation Center, a 160-bed skilled nursing facility in Milwaukee.
SPRING, Texas — Discovery Senior Living has completed the renovation of Conservatory At Champion Forest, a seniors housing community in Houston suburb of Spring.
MILTON, Fla. — The Vestcor Companies has opened Carter Crossing, a 93-unit affordable seniors housing community in Milton, located at the far west end of the Florida Panhandle.
MILWAUKEE, Wis. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Lake Terrace Health and Rehabilitation Center, a 160-bed skilled nursing facility in Milwaukee.
WESTPORT, Conn. — Maplewood Senior Living, Westport-based operator, has named Bernadette Greatorex as its vice president of sales and strategic partnerships.
HENRICO, Va. — Solvere Senior Living has opened a sales office at Aspire at Carriage Hill, a 148-unit independent living community currently under construction in the Richmond suburb of Henrico.
TALLAHASSEE, Fla. — Roger B. Kennedy Construction has completed work on Tapestry Senior Living Walden in Tallahassee.
DETROIT — Marcus & Millichap’s Knapp Group has brokered the sale of a 40-bed assisted living and memory care community in Southeast Michigan.
PIKEVILLE, Ky. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Signature HealthCARE of Pikeville, a 106-bed skilled nursing facility, for an undisclosed price.
SKOKIE, Ill. — Covenant Retirement Communities (CRC) has hired Brian Devlin as senior vice president of project development.
CHICOPEE, Mass. — Fantini & Gorga has arranged $20.5 million in first mortgage construction financing for Chicopee Assisted Living at RiverMills, an assisted living community in the Western Massachusetts city…
AUSTIN, Texas — Ziegler, a specialty investment bank, has arranged the “membership substitution” — effectively a sale — of Longhorn Village, an entrance-fee continuing care retirement community in Austin.
TAVERNIER, Fla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Plantation Key Nursing and Rehabilitation, a 120-bed skilled nursing facility in Tavernier, located in the Florida Keys.
VISTA, Calif., and HENDERSONVILLE, N.C. — Senior Living Investment Brokerage (SLIB) has facilitated the sale of two assisted living communities in Hendersonville and a 183-unit independent living, assisted living and…
VERO BEACH, Fla. — Harbor Retirement Associates (HRA), a regional developer and operator based in Vero Beach, has appointed Christopher Thompson as its new vice president of hospitality.
MILLBRAE, Calif. — Cadence Living has acquired Marymount Greenhills Retirement Center, a 158-unit independent living, assisted living and memory care community in the San Francisco suburb of Millbrae.
EL DORADO, Ark. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Oak Ridge Nursing and Rehab, a 180-bed skilled nursing facility. The property is in El Dorado…
NEW YORK CITY — Hunt Real Estate Capital, a New York-based lender, has been approved as a Fannie Mae Seniors Housing Lender.
TINLEY PARK, Ill. — Anthem Memory Care has appointed Kerry Donegan as executive director of Porter Place in the southern Chicago suburb of Tinley Park.
WEST PALM BEACH, Fla. and WEST DES MOINES, Iowa — In a merger of personnel services companies, West Palm Beach-based Oasis Outsourcing has acquired West Des Moines-based Aureon HR, which…
EDMONDS, Wash. — Koelsch Communities has completed Cedar Creek Memory Care Community, a 60-unit memory care community in the Seattle suburb of Edmonds.
NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has hired Steven Swain as the company’s executive vice president and chief financial officer, effective Sep. 4.
BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, has closed six HUD mortgages totaling $64.5 million for skilled nursing facilities in Tennessee, Michigan, Indiana and Washington.
JACKSONVILLE, Fla. — Senior Living Investment Brokerage has arranged the sale of Park Ridge Nursing & Rehabilitation Center, a 104-bed skilled nursing facility in Jacksonville.
PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has brokered the sale of Fairview Care Center of Bethlehem Pike, a 176-bed skilled nursing facility in the Chestnut Hill area of Philadelphia.
NEW YORK CITY — BMO Harris Healthcare Real Estate Finance and Wells Fargo Bank National Association have arranged a $200 million loan to support the redevelopment of the former Leverich…
NEW YORK CITY — White Oak Healthcare Finance LLC, a New York-based lender, has provided a $34.8 million loan for the acquisition of two skilled nursing facilities in Maryland.
TUCSON, Ariz., and PAHRUMP, Nev. — CBRE has arranged the refinancing of The Echelon of Tucson in Tucson and Inspirations Senior Living in Pahrump.
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has promoted Shankh Mitra from senior vice president to CIO and executive vice president, as well as Tim McHugh to senior vice president…
DAVISON and BAY CITY, Mich. — Charter Senior Living has been selected to manager Hampton Manor of Davison and Hampton Manor of Bay City, both located in Central Michigan.
TAMPA, Fla. — MedBest, a Tampa-based senior living executive search firm, has hired Christina Johnson as a senior recruiter.
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the sale of nine skilled nursing facilities in California, Colorado, Idaho, North Carolina, New Mexico, Rhode Island…
LA GRANGE, Ill. — Pathway to Living has broken ground on Aspired Living of La Grange, a 116-unit assisted living and memory care community in the western Chicago suburb of…
WARRENTON, Mo. — American Healthcare Investors LLC and Griffin Capital Company LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired Oak Pointe of Warrenton, a 53-unit assisted living…
JOHNS CREEK, Ga. — ORIX Corp. USA and Lancaster Pollard have arranged $16.7 million in financing for the construction of Brickmont Johns Creek, a 120-unit assisted living and memory care…
NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has appointed Rita Johnson-Mills as an independent member of the company's board of directors.
NORFOLK, Va. — Harbor’s Edge, an independent, nonprofit continuing care retirement community, is preparing to break ground on a $140 million, 24-story expansion.
CHICO, Calif. — Senior Living Investment Brokerage has arranged the sale of Townsend House, a 30-unit assisted living facility in Chico, approximately 90 miles north of Sacramento.
SYLVANIA, Ohio, and FOX LAKE, Ill. — Charter Senior Living has named a new executive director for its community in Fox Lake, as well as the executive team for its…
SURPRISE, Ariz. — Christian Care Cos. has opened Fellowship Square Surprise, a 313-unit independent living, assisted living and memory care community in the Phoenix suburb of Surprise.
KNOXVILLE, Tenn., FAYETTEVILLE, Ark. and LITTLE ROCK, Ark. — Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has arranged the sale of three Clarity Pointe memory…
KISSIMMEE, Fla. — Park Square Enterprises has unveiled plans for an intergenerational community in Kissimmee that will combine seniors housing with childhood education.
ZEELAND, FREMONT, FENTON, OVID and WAYNE, Mich. — Marcus and Millichap has arranged the sale of five skilled nursing facilities in Michigan in three separate transactions. The prices were not…
CLEVELAND — Blueprint Healthcare Real Estate Advisors has arranged the sale of a three-property, 347-bed skilled nursing and assisted living portfolio in northeast Ohio.
CLEVELAND — Carnegie Capital has arranged a $16 million refinancing for an assisted living and memory care community in Cleveland.
IRVINE, Calif. — HCP Inc. (NYSE: HCP), one of the Big Three REITs investing in seniors housing, has appointed Katherine Sandstrom as an independent director to its Board of Directors…
OVERLAND PARK, Kan. — HJ Sims has arranged $60.6 million in financing for the expansion and renovations of Village Shalom, a continuing care retirement community (CCRC) in the Kansas City…
SEATTLE — Ziegler, a specialty investment bank, has arranged $44.8 million in bond financing for The Hearthstone Corp. The bonds will fund an expansion at the company’s continuing care retirement…
EVANS, Ga. —Charter Senior Living has named Karen Bowles as executive director of Camellia Walk, an 83-unit community in the Augusta suburb of Evans.
TOLEDO, Ohio, and MOUNT LAUREL, N.J. — Toledo-based healthcare REIT giant Welltower (NYSE: WELL) and Mount Laurel-based operator Brandywine Living have announced the conversion of the companies’ master lease from…
SAN MARCOS, Calif. — Lancaster Pollard has arranged $400 million in financing for Plum Healthcare Group, a San Marcos-based skilled nursing operator.
CLEVELAND — Bellwether Enterprise Real Estate Capital LLC, the Cleveland-based commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., has been approved as a seniors housing lender for Fannie…
WASHINGTON, D.C. — Midland States Bank has promoted Jonathan Camps to president of its Love Funding subsidiary. Headquartered in Washington, D.C., Love Funding is one of the largest commercial FHA…
PALM COAST, Fla. — Watercrest Senior Living has opened its newest Market Street Memory Care Residence in Palm Coast, approximately midway between Jacksonville and Orlando.
BETHESDA, Md. — Capital One, a Bethesda-based lender, has provided a $36.6 million loan for the acquisition of three seniors housing communities in Ohio.
COLUMBUS, Ohio — Lancaster Pollard, a Columbus-based broker, has arranged $12.2 million in HUD financing for the acquisition of seven assisted living and memory care communities in Idaho.
CLIFTON PARK and ORCHARD PARK, N.Y. — Greystone has arranged the $17 million sale of two memory care communities in New York, totaling 46 units.
NEW YORK CITY — Hunt Mortgage Group, a New York-based lender, has hired Patrick McFarland as a managing director.
SEATTLE — Áegis Living has opened the doors on Áegis at Ravenna, an assisted living and memory care community in Seattle's Maple Leaf neighborhood.
TOLEDO, Ohio — A joint venture between Toledo-based healthcare REIT giant Welltower (NYSE: WELL) and nonprofit healthcare operator ProMedica Health System has completed its previously announced acquisition of Quality Care…
NEWTOWN, Conn. — Senior Lifestyle Corp. has broken ground on Church Hill Village, a 71-unit assisted living and memory care community in Newtown, located approximately midway between New York City…
ROCHESTER, N.Y. — The Rochester City Council has approved the renovation plans for Cobbs Hill Village, an affordable seniors housing community in the Western New York city of Rochester.
OLYMPIA, Wash. — Olympia-based owner-operator Koelsch Communities has promoted Cyndie Bryant from senior vice president to executive vice president, and Eva Arant from regional director of operations to Bryant’s former…
BOARDMAN, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of Commons at Greenbriar, a 50-unit assisted living community located in the Youngstown suburb of Boardman.
SEATTLE — Capital One has acted as lead arranger, bookrunner and administrative agent on a $242.7 million senior secured term loan for a joint venture managed by Seattle-based alternative investment…
LAWRENCE, N.Y. — Harborview Capital Partners, a Lawrence-based commercial real estate finance, equity and advisory firm, has arranged $196 million in HUD financing for a regional operator on the West…
RALEIGH, N.C. — K4Connect, a Raleigh-based technology company focused on seniors and seniors housing, has hired Kuldip Pabla as senior vice president of engineering.
ST. CLOUD, Minn. — Ryan Cos. US, Inc. and Great Lakes Management have announced plans for a 138-unit independent living, assisted living and memory care community in St. Cloud, approximately 65…
JACKSON, Miss. — Dougherty Mortgage has provided a $2.1 million Fannie Mae loan for the acquisition of Meadow Ridge Senior Apartments in Jackson.
SAN DIEGO — Bill Earley, the chief administrative officer and general counsel at West Health, has been appointed to the California Commission on Aging by the state’s Senate Rules Committee.
FREDERICK, Md. — As the baby boomer generation hits retirement, operators should plan for a new era of diversity in seniors housing, according to a report from Frederick-based marketing firm…
ALMA, Mich. — Cohen Financial, a division of SunTrust Bank, has provided a $4.1 million loan for Arbor Grove Assisted Living, a seniors housing community in the Central Michigan city…
NEW YORK CITY — Ziegler, a Chicago-based specialty investment bank, has hired Christopher Utz as a director to its corporate finance team specializing in proprietary senior living.
COSTA MESA, Calif. — J.D. Power, a Costa Mesa-based consumer insights, advisory services and data and analytics firm, has launched the J.D. Power Senior Living Community Certification Program.
BALTIMORE — Pennrose has hired Christine Robertson to the company’s Baltimore office as a developer serving the Mid-Atlantic region. In her role, Robertson will focus on growing Pennrose’s Virginia portfolio.
HUNT VALLEY, Md. — Omega Healthcare Investors Inc. (NYSE: OHI), a Maryland-based healthcare REIT and owner of a large seniors housing portfolio, has canceled its restructuring agreement with Orianna Health…
OHIO — Monticello Asset Management LLC has provided a total of $40 million in financing to Maui Sunset LLC, which will use the funds to purchase a portfolio of skilled…
ABERDEEN, S.D. — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired a 99-bed skilled nursing facility in Aberdeen for $9.7 million.
CORAL SPRINGS and TAMARAC, Fla. — Harbor Retirement Associates has completed a combined $4 million remodel on two of its existing communities, HarborChase of Tamarac and HarborChase of Coral Springs.
RICHMOND, VA. — SunTrust Community Capital (STCC) has provided $11.2 million in financing for two redevelopment projects in Richmond’s historic Jackson Ward neighborhood.
PHILIPSBURG, Pa. — Presbyterian Senior Living has completed a $10 million expansion at Windy Hill Village, a continuing care retirement community in the Central Pennsylvania borough of Philipsburg.
MESQUITE, Nev. — Mission Senior Living has started construction of Mesa Valley Estates Assisted Living and Memory Care, an $8 million seniors housing community in Mesquite, near the Arizona border.
MACON and WARNER ROBINS, Ga. — Texas-based Carnegie Capital has arranged $10 million in financing for the acquisition of skilled nursing facilities in Macon and Warner Robins, both located southeast…
SHAWNEE, Kan. — Lancaster Pollard has arranges a $6.9 million loan to refinance Shawnee Heartland, a 48-bed assisted living community in the Kansas City suburb of Shawnee.
SEATTLE — Columbia Pacific Advisors, a Seattle-based investment firm, has agreed to acquire Vancouver, Wash.-based seniors housing owner-operator Hawthorn Retirement Group for an undisclosed price.
KIAWAH ISLAND, S.C. — Big Rock Partners, in a joint venture with Kiawah Partners, has unveiled plans to develop a $125 million seniors housing community on Kiawah Island, a barrier…
CHELSEA, FALL RIVER and BROCKTON, Mass. — Capital One has provided $47.2 million to refinance a portfolio of skilled nursing facilities in Massachusetts.
COLUMBUS, Ohio — Five Star Senior Living Inc. (NASDAQ: FVE) has completed renovations at The Forum at Knightsbridge, an independent living, assisted living and memory care community in Columbus.
ST. PETERSBURG, Fla., RICHMOND, Va., and PRINCETON, N.J. — Solutions Advisers Group, its management arm Solvere Senior Living and consulting and advertising partner Solutions Advisors have appointed three new senior…
SEATTLE — Live Oak Bank has provided a $2.2 million loan for the acquisition of an assisted living community in a northern suburb of Seattle.
PALM BEACH GARDENS, Fla. — Kisco Senior Living has completed a $35 million expansion of La Posada, its 22-acre continuing care retirement community (CCRC) in Palm Beach Gardens.
SHAKER HEIGHTS, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of Shaker Gardens, a 172-unit assisted living and skilled nursing facility in Shaker Heights.
CARTERSVILLE, Ga. — Live Oak Bank has provided $9.5 million in financing for a new assisted living community in the northwestern Atlanta suburb of Cartersville.
RESEDA, Calif. — Los Angeles Jewish Home has appointed Andrew Berman, an entertainment industry veteran with over 35 years of experience in global sales, marketing, and content acquisition, to a…
BRIDGEWATER, N.J. — LCS has acquired Arbor Glen, a continuing care retirement community (CCRC) in Bridgewater, for an undisclosed price.
NEW YORK CITY — Hunt Mortgage Group has continued the expansion of its seniors housing and healthcare team with the addition of three new executives. All three will focus on…
HOUSTON — Tradition Senior Living has broken ground on The Tradition-Woodway, a 23-story independent living, assisted living and memory care community in Houston.
WINTER PARK, Fla. — Watercrest Senior Living Group and Titan Development Real Estate Fund I have announced plans for Watercrest Winter Park Assisted Living and Memory Care in the Orlando…
SCOTTSDALE, Ariz. — Cadence Senior Living has hired Holly Springs-McMurry as director of operations and community integration.
ANNAPOLIS, Md. — Average occupancy for seniors housing properties throughout the United States has fallen to 87.9 percent in the second quarter of 2018, according to the National Investment Center…
KENTUCKY — Monticello Asset Management has funded $8.4 million in first lien debt financing and $1.5 million in working capital to Healthcare Management KY LLC.
SOUTHFIELD, Mich. — American House Senior Living Communities, a Southfield-based operator, has promoted Sean Dimas to vice president of operations for the senior living organization’s Florida region.
SPARTA, N.J. — The National Council of Certified Dementia Practitioners (NCCDP) has appointed Rhonda Brand as its new president.
MONUMENT, Colo. — Jackson Creek Senior Living, a newly opened seniors housing community in the Colorado Springs suburb of Monument, has named Al Fritts as its executive director. He will…
PLYMOUTH, Mich. — CBRE has arranged a $48 million refinancing for Cedarbrook of Northville, a 201-unit independent living, assisted living and memory care community in Plymouth, about 25 miles west…
SCOTTSDALE, Ariz. — Dwight Bridge Fund, which Dwight Capital’s affiliated investment advisor manages, has provided $30.5 million in bridge financing for Avenir Senior Living, a Scottsdale-based owner-operator.
PHOENIX — Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.
WASHINGTON, D.C. — Healthcare Transactions Group has arranged the sale of VMT Long-Term Care Management Inc., a D.C.-based provider of health services, for an undisclosed price.
DENVER — It's Never 2 Late, a Denver-based software provider for the seniors housing industry, has appointed Lisa Taylor as its new CEO.
CHERRY HILL, N.J. — Pennrose, a multifamily developer and operator, and the Jewish Federation of Southern New Jersey have broken ground on The Commons at Springdale, an affordable seniors housing…
COEUR D’ALENE, Idaho — Radiant Senior Living has acquired The Renaissance, a 64-unit assisted living and memory care community in Coeur d’Alene, approximately 30 miles east of Spokane, Wash.
SCOTTSDALE, Ariz. — The Wolff Company, a Scottsdale-based private equity firm and developer, has purchased property in its hometown for construction of an active adult community.
SLEEPY HOLLOW, N.Y. — Kendal Corp. has hired James Antonucci Jr. as the new executive director for Kendal on Hudson, a 220-unit continuing care retirement community (CCRC) located approximately 30…
GRAND JUNCTION, Colo. — OZ Architecture has completed design of The Lodge at Grand Junction, a 48-unit assisted living and memory care community in Grand Junction, located in the western…
GASTONIA, N.C. — Evans Senior Investments (ESI) has arranged the sale of Gastonia Care and Rehab, a 118-bed skilled nursing facility in the Charlotte suburb of Gastonia.
ATLANTA — 29thStreet Capital, a privately-held real estate investment and advisory firm based in Atlanta that focuses on value-add opportunities, has announced its plans to expand its services to the…
GRAND SALINE and ATHENS, Texas — Senior Living Investment Brokerage Inc. has arranged the sale of two skilled nursing facilities southeast of Dallas for $2.1 million.
NORWOOD, Mass. — Benchmark has hired Patrick Hardy as the new executive director at Benchmark Senior Living on Clapboardtree in Norwood, a suburb of Boston.
MONTEBELLO, Calif. — Hunt Mortgage Group has provided $20 million in refinancing for Beverly Towers, an affordable seniors housing property in the Los Angeles suburb of Montebello.
IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) has completed the previously announced sale of nine facilities leased to Genesis Healthcare for $81.4 million, and one leased to Signature…
LINCOLN, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of four plots of land in California totaling 21 acres for $14.7 million, with the buyers planning to…
BURR RIDGE, Ill., and WICHITA, Kan. — Anthem Memory Care, an Oregon-based memory care provider, has announced new executive directors at two of its communities.
HERKIMER, N.Y. — A company led by Ari Grinspan and Joe Farkas has taken over management of Foltsbrook Center for Nursing & Rehabilitation, a community offering rehabilitation, outpatient services, adult…
MARMET, SISSONVILLE and PARKERSBURG, W.V. — KeyBank Real Estate Capital has provided a total of $67.2 million in financing for a three-property skilled nursing portfolio in West Virginia.
CINNAMINSON TOWNSHIP, N.J. — Capitol Seniors Housing has acquired Siena, an upscale active adult community in Cinnaminson Township, located across the Delaware River from Philadelphia. The price was not disclosed.
KENNETT SQUARE, Pa. — Judy Braun, chief operating officer of Kennett Square-based operator The Kendal Corp., has retired after 17 years in the position. The nonprofit company’s portfolio includes 13…
BEAUMONT, Texas — American Healthcare Investors LLC and Griffin Capital Company LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired Pelican Bay, an assisted living facility located in…
PORT ANGELES, Wash. — Contemporary Healthcare Capital (CHC) has provided $975,000 in mezzanine financing to refinance a 28-unit, 43-bed memory care community.
CHICAGO — What are the limitations of a market study? In light of overbuilding concerns in some major metros, it’s a salient question.
NEW JERSEY — Blueprint Healthcare Real Estate Advisors has arranged the sale of “The Jersey Four,” a four-property skilled nursing portfolio along the New Jersey coast.
ROCHESTER, N.Y. — Through a strategic alignment with Rochester Regional Health and a partnership with Columbia Pacific Advisors, Wegman Cos. Inc. has acquired a two-property senior living campus in Rochester.
WALTHAM, Mass. — Benchmark, a Waltham-based owner-operator, has hired Bobbi Miller as regional director of operations. She will oversee operations of the company’s seven communities throughout Massachusetts.
CHICAGO — Senior Living Investment Brokerage, a Chicago-based brokerage firm, has arranged the sale of five assisted living and memory care communities in Florida for $71 million.
LOS ANGELES — KFA, a Santa Monica-based architecture firm, has started construction of The Curve @ West Angeles Senior Apartments, an affordable community in the Park Mesa Heights neighborhood of…
WASHINGTON, D.C. — The Real Estate Roundtable (RER), a public policy organization that represents the interests of the real estate industry, has selected Debra Cafaro as its chair.
LOUISVILLE, Colo. — Balfour Senior Living, an owner-operator based in the Denver suburb of Louisville, has hired Phill Barklow as chief operating officer and Sara Thom as vice president of…
BETHESDA, Md. — Walker & Dunlop Inc., a Bethesda-based financial services firm, has provided five HUD loans totaling $40.1 million to refinance a skilled nursing, assisted living and memory care…
PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has brokered the sale of the Lightning Portfolio, eight skilled nursing facilities in the Philadelphia metro area.
ULVADE, Texas — Hunt Capital Partners has closed $9.7 million in low-income housing tax credit (LIHTC) equity financing for the development of Monarch Estates, an affordable seniors housing community in…
WORCESTER, Mass. — Benchmark has appointed Jennifer LaCroix as executive director of Tatnuck Park at Worcester, an assisted living and memory care community in Worcester. LaCroix previously held the position…
ANNAPOLIS, Md. — Brightview Senior Living has opened the doors on Brightview Annapolis, a 165-unit seniors housing community in Annapolis.
HAPPY VALLEY, Ore. — Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on MorningStar of Happy Valley in the Portland suburb of Happy Valley.
TARRYTOWN, N.Y. — Greystone, a real estate lending, investment and advisory company, has provided a $14.6 million HUD loan for Tarrytown Hall Care Center, a skilled nursing facility in Tarrytown.
GREENWOOD, Ind. — Lancaster Pollard has provided a HUD loan of an undisclosed total to refinance Aspen Trace, a seniors housing community in the Indianapolis suburb of Greenwood.
TOLEDO, Ohio — Seniors housing REIT giant Welltower (NYSE: WELL) has announced a restructuring of its agreements with Brookdale (NYSE: BKD), the largest owner-operator of seniors housing in the country.
LOUISVILLE, Ky. — Masonic Homes, a Louisville-based nonprofit owner-operator, has rebranded as Masonic Communities Kentucky.
NEW YORK CITY — Greystone, a New York-based real estate lending, investment and advisory company, has closed the $750 million Greystone Senior Debt Opportunity Fund.
WINDHAM, Conn. — Contemporary Healthcare Capital has provided a $1.5 million mezzanine loan, part of a $6.2 million total acquisition financing for a skilled nursing facility in Windham.
TUKWILA, Wash. — Alliance Residential Co., one of the largest multifamily developers and managers in the country, has broken ground on Marvelle at Southcenter, an active adult community in the…
FREDERICKSBURG, Texas — Solvere Senior Living has been selected to operate Villages of Windcrest, an assisted living and memory care community currently under construction in Fredericksburg, approximately 75 miles west…
NEW YORK CITY — Berkadia, a New York-based financial services firm, has hired Brittany Robinson as senior director and Brooks Minford as associate director for the company’s Seniors Housing …
MORGANTON, N.C. — Carolinas HealthCare System Blue Ridge has hired Chris Romick as executive director of Grace Ridge Retirement Community, a continuing care retirement community in Morganton.
GEORGETOWN and SUGAR LAND, Texas — Ryan Cos. US Inc. and Grand Living have unveiled plans for two new seniors housing communities, one in the Austin suburb of Georgetown and…
ST. LOUIS and KANSAS CITY, Mo. — Blueprint Healthcare Real Estate Advisors has negotiated the lease of 11 skilled nursing facilities in the St. Louis and Kansas City metros.
EASTON, Pa. — Housing & Healthcare Finance (HHC Finance) has arranged a HUD loan of an undisclosed size to refinance New Eastwood Healthcare & Rehabilitation Center, a 97-bed skilled nursing…
NORWOOD, N.J. — Capitol Seniors Housing, a senior living investment and development firm, has opened Atria Norwood, an 83-unit assisted living and memory care community.
ST. MICHAEL, Minn. — Lancaster Pollard has arranged a $11.7 million refinancing for The Legacy of St. Michael, a 95-unit independent living, assisted living and memory care community in the…
ESTERO, Fla. — Full-service construction firm Kaufman Lynn Construction has opened a new office in Estero to lead the company’s projects in Southwest Florida. Concurrent with the opening, Daniel Root…
AUSTIN, Texas, and CINCINNATI — Capital One has provided a $65 million loan to Holiday Retirement to recapitalize two of its seniors housing communities.
CORALVILLE, Iowa — Ryan Cos. US and Grand Living have opened the doors on Grand Living at Bridgewater, a 170-unit seniors housing community in Coralville, a suburb of Iowa City.
SACRAMENTO, Calif. — LeadingAge California, a Sacramento-based chapter of the national seniors housing advocacy group, has selected Molly Forrest as its new chair. Her two-year term begins July 1.
WASHINGTON, D.C. — Berkadia has added Laura Saull Smith to its HUD loan origination team. Smith will work from the company’s Washington, D.C. office.
CHAMBLEE, Ga. — McShane Construction Co. has completed construction of Senior Residences at Mercy Park, a 79-unit affordable independent living community in the Atlanta suburb of Chamblee.
BRIDGEPORT and SAGINAW, Mich. — National Health Investors Inc. (NYSE: NHI) has acquired a two-property assisted living and memory care portfolio in Central Michigan for $17.1 million.
ALEXANDRIA, Va. — The Senior Living Certification Commission (SLCC) has elected Brenda Bacon, president and CEO of Brandywine Living, as the new chairman of the SLCC Board of Commissioners.
WEST DES MOINES, Iowa — Lifespace Communities has hired Terese Juntz as senior vice president of people and administration. Juntz will join the organization in its West Des Moines offices…
Billy Meyer, managing director of Seattle-based Columbia Pacific Advisors, doesn’t mince words when talking about the bridge lender’s cautious approach to financing seniors housing product today. “We don’t underwrite hope…
DALLAS — The Legacy Senior Communities has broken ground on The Legacy Midtown Park, a nonprofit continuing care retirement community in Dallas. Development costs are estimated at $175 million.
LONG ISLAND, N.Y. — Carnegie Capital has sourced and structured a $24 million bridge loan to refinance a skilled nursing and assisted living facility along the North Shore of Long…
WALTHAM, Mass. — Benchmark has hired two new employees to assist with organizational development as part of the company’s goal to be a sought-after employer in the industry.
LOS ANGELES — Commercial real estate and financial services firm Walker & Dunlop Inc. has expanded its multifamily investment sales platform to the West Coast with the addition of Javier…
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has arranged the sale of 12 skilled nursing facilities for $134 million.
TUCSON, Ariz. — Willis Development has completed construction of Sage Desert, an assisted living and memory care community in Northwest Tucson.
LAS VEGAS — Seniors Housing Business has received two awards from the National Association of Real Estate Editors (NAREE). The ceremony was held last week at the Planet Hollywood Resort…
SARASOTA, FL — HealthTrust, a Sarasota-based appraisals and advisory firm specializing in seniors housing and healthcare real estate, has hired Cindy R. Bennett as director of management and clinical assessments.
TAMPA, Fla. — Cushman & Wakefield has arranged the sale of The Watermark at Trinity, an 84,217-square-foot assisted living and memory care community in Tampa.
ST. LOUIS — American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, have agreed to acquire a skilled nursing portfolio located throughout Missouri for $88.2…
ATLANTA — SunTrust Banks Inc. (NYSE: STI), an Atlanta-based lender, has expanded its Aging Services/Senior Living Industry Practice group. Previously only available in select regions, the group’s services will now…
BUFFALO, N.Y. — KeyBank Community Development Lending & Investment has provided $14.2 million in construction financing for the renovation of Riverview Manor and Piotr Stadnitski Gardens in Buffalo.
LEAWOOD, Kan. — Integral Senior Living has hired Jerry Lindenbaum as executive director of Leawood Gardens Senior Living, an assisted living and memory care community in Leawood, a suburb of…
CHANDLER, Ariz. — Spectrum Retirement Communities has opened The Enclave at Chandler Senior Living, an independent living, assisted living and memory care community in the Phoenix suburb of Chandler.
NACOGDOCHES, Texas — Capital One has provided a $9.3 million Fannie Mae fixed-rate loan to refinance The Arbor Assisted Living and Memory Care, a 59-unit seniors housing facility in Nacogdoches.
IRVINE, Calif. — Artemis Real Estate Partners has agreed to a $45 million financial commitment to Silverado, an Irvine-based owner-operator specializing in memory care.
KYLE, Texas — Housing & Healthcare Finance has provided a $4.9 million 232/223(f) HUD loan for New Haven of Kyle.
GAITHERSBURG, Md. — Sodexo has hired Allison Lane as communications director for Sodexo Seniors.
BILOXI, Miss. — Blake Management Group and the management team from Quality Senior Living, along with LongueVue Capital, have unveiled plans for The Blake at Biloxi.
CHAPEL HILL, N.C. — KeyBank Real Estate Capital has originated a $13.5 million refinancing for Chatham Ridge Assisted Living in Chapel Hill.
TALLAHASSEE and PENSACOLA, Fla. — Vitality Senior Living has been selected as the exclusive operating partner for YourLife Senior Living.
BLOOMFIELD HILLS, Mich. — American House Senior Living Communities, a Bloomfield Hills-based operator, has promoted Traci Taylor to corporate vice president of sales and revenue enhancement.
CHICAGO — There is one surefire way to make sales hum in seniors housing, says Margaret Wylde, an industry consultant who has conducted research in this niche property sector for…
DURHAM, N.H. — Ziegler has closed on $110.5 million in bond financing for the development of RiverWoods Durham, a 222-unit continuing care retirement community (CCRC).
MASON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Cedar Village, a 267-unit continuing care retirement community in the Cincinnati suburb of Mason.
UPSTATE NEW YORK — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $29 million in financing for the acquisition of a 236-bed skilled…
ATLANTA — Peacock Partnership Inc. has completed its purchase of the former Presidential Hotel, located near Atlanta’s “Spaghetti Junction” highway interchange of I-285 and I-85. The buyer plans to convert…
FOLSOM, Calif. — CBRE has arranged financing for the acquisition of Prairie City Landing, a 130-unit independent living, assisted living and memory care community in Folsom, a suburb of Sacramento.
NEWTON, N.J. — Contemporary Healthcare Capital has closed $13.3 million in senior and mezzanine loans to refinance a 128-bed skilled nursing facility in Newton.
KANSAS CITY, Mo. — Tutera Senior Living & Health Care, a Kansas City-based post-acute operator, has promoted Dr. Anthony Burgess to chief medical officer.
SILOAM SPRINGS, Ark. — Senior Living Investment Brokerage has arranged the sale of Siloam Springs Nursing & Rehabilitation, a skilled nursing facility in Siloam Springs, located in the northwest corner…
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC) is expanding and enhancing its NIC MAP Data Service to include key metrics for the skilled nursing…
ADDISON, Texas — Senior Quality Lifestyles Corporation (SQLC), a Texas-based nonprofit operator, has elected Bernard “Bernie” DiFiore and Laurie Dotter to its board of directors.
SOUTHFIELD, Mich. — American House Senior Living Communities, a seniors housing provider, and REDICO, a national real estate development, investment and property management company, have promoted Jacqueline Trost to vice…