Creating Worry-Free Wi-Fi for Senior Living
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Welltower Appoints National Healthcare Executives Karen DeSalvo, Johnese Spisso to Board
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has appointed Karen DeSalvo and Johnese Spisso, both high-profile healthcare executives, to its Board of Directors.
Largest Skilled Nursing Operator in Texas, Senior Care Centers, Declares Bankruptcy
DALLAS — Senior Care Centers, a Dallas-based operator of more than 100 seniors housing communities in Texas and Louisiana, has filed for Chapter 11 bankruptcy protection in U.S. bankruptcy court…
Greystone Provides $31.5M Bridge Loan for Skilled Nursing Facility Portfolio in Texas
TEXAS — Greystone has provided a $31.5 million bridge loan for four skilled nursing facilities located across Texas.
City of Greer, South Carolina, Approves 135-Unit Development
GREER, S.C. — The City of Greer has issued the final approval needed for development of a 135-unit seniors housing community in the city, located midway between Greenville and Spartanburg.
Lancaster Pollard Arranges $14.2M Refinancing for 101-Bed Skilled Nursing Facility Near Boston
BRAINTREE, Mass. — Lancaster Pollard has arranged a $14.2 million refinancing for Alliance Health at Braintree, a 101-bed skilled nursing facility in the Boston suburb of Braintree.
Pennrose Opens 68-Unit Affordable Community in Georgia
GRIFFIN, Ga. — Pennrose and the Griffin Housing Authority have opened Terraces at the Park, a 68-unit affordable seniors housing community in Griffin, approximately 40 miles south of Atlanta.
Welltower Announces $1B in Investments, Receives $300M from Qatar Investment Authority
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has announced $1.3 billion in new investment transactions. The moves include more than $1 billion in off-market transactions, as well as a $300…
AMWA to Develop 255-Unit Affordable Community in Arlington, Washington
ARLINGTON, Wash. — AMWA Development Inc. has closed construction financing for Cedar Pointe, a 255-unit affordable seniors housing community in Arlington, approximately 45 miles north of Seattle.
Regional Health Properties Transfers Five Communities in Ohio to New Operator
OHIO — Regional Health Properties, Inc. (NYSE: RHE), a seniors housing investor and the successor to AdCare Health Systems, has transferred operations of five of its facilities in Ohio.
Arbor Names Kelley Skarp as Senior Vice President of Sales, Marketing
ATLANTA — The Arbor Company has named Kelley Skarp as its new senior vice president of sales and marketing.
Greystone Provides $100.8M HUD Financing for Skilled Nursing Facilities in New York
NEW YORK CITY and BUFFALO, N.Y. — Greystone has provided a total of $100.8 million in HUD-insured loans to refinance two seniors housing properties in the state of New York.
LCS Starts Construction of 262,000 SF Community in New Jersey
BRIDGEWATER, N.J. — LCS has secured construction financing and broken ground on of The Delaney of Bridgewater, a new seniors housing community in Bridgewater, approximately 45 miles southwest of Manhattan.
Lancaster Pollard Structures Financing Between Agemark, Protective Life Insurance
LINCOLN and OMAHA, Neb. — Lancaster Pollard Mortgage Co. has facilitated a refinancing between Protective Life Insurance Co. and Agemark Corp.
David Lindahl Resigns from CareTrust REIT Board
SAN CLEMENTE, Calif. — CareTrust REIT, Inc. (NASDAQ: CTRE) has announced that David Lindahl has resigned from its Board of Directors to pursue other interests.
Bridges Community Care, Jackson Creek Senior Living Partner to Offer Home Care
MONUMENT, Colo. — Bridges Community Care has joined Jackson Creek Senior Living as the community’s home care partner.
Clear Information, Smart Analysis Fuel Successful Market Studies
The best market studies interpret the data, not simply collect it, concludes InterFace panel.
Wolff Breaks Ground on Independent Living Community in Scottsdale, Arizona
SCOTTSDALE, Ariz. — The Wolff Company, a Scottsdale-based private equity firm and senior living developer, has broken ground on Revel Scottsdale, an independent living apartment community in the company’s hometown.
American Healthcare Investors Negotiates $650M Credit Facility for Griffin-American Healthcare REIT IV
IRVINE, Calif. — American Healthcare Investors LLC and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT IV, have arranged a new credit facility for the non-traded REIT.
St. Joe, Watercrest Plan 107-Unit Community in Northwest Florida
SANTA ROSA BEACH, Fla. —The St. Joe Company (NYSE: JOE) and Watercrest Senior Living Group have announced plans for an assisted living and memory care community in Santa Rosa Beach…
Summit Vista Names Executives at CCRC in Utah
SALT LAKE CITY — Summit Vista, a Salt Lake City-based operator, has named Mark Erickson chief executive officer and Kelly Ornberg chief marketing officer to lead Utah's newest continuing care…
Cushman & Wakefield Brokers $12M Sale of Community in Phoenix
PHOENIX — Cushman & Wakefield has arranged the sale of Zen Senior Living, a 99-unit seniors housing community in Phoenix’s Paradise Valley neighborhood.
Raisal Arranges $10.1M Construction Loan for Assisted Living Facility in Tampa
TAMPA, Fla. — Raisal has arranged a $10.1 million loan for the construction of a new assisted living facility in Tampa.
HFF Arranges $31M Financing for 160-Unit Independent Living Community in Colorado
COLORADO SPRINGS, Colo. — HFF has arranged $31 million in financing for Province Springs, a 160-unit independent living community in Colorado Springs.
Wolff Opens 146-Unit Community in Metro Las Vegas
HENDERSON, Nev. — The Wolff Company, a Scottsdale-based private equity firm and multifamily developer, has opened the doors on Revel Nevada.
Capital Funding Group Closes Acquisition Financing for Five-Property Skilled Nursing Portfolio in Ohio
OHIO — Capital Funding Group, a Baltimore-based lender, has closed a bridge-to-HUD term loan for Vantage Point Capital.
Love Funding Secures $4.8M Refinancing for Assisted Living Property in North Carolina
LEXINGTON, N.C. — Love Funding has provided a $4.8 million refinancing for Grayson Creek of Welcome, an assisted living and memory care facility in Lexington, about 20 miles south of…
Standalone Memory Care Fraught With Challenges, Says InterFace Panel
But at least one regional operator bucks the national trend by embracing the sector.
Caddis Plans 182-Unit Community in Venice, Florida
VENICE, Fla. — Caddis has announced plans for Heartis Venice, a 182-unit seniors housing community in the Gulf Coast city of Venice.
KeyBank Provides $31.5M Freddie Mac Refinancing for Chicago Pacific Founders
TOPSHAM, Maine — KeyBank Real Estate Capital has provided a $31.5 million Freddie Mac loan for Chicago Pacific Founders and its affiliate CPF Living Communities.
NexCore Group, Civitas Break Ground on 100-Unit Community in Cape Coral, Florida
CAPE CORAL, Fla. — NexCore Group and Civitas Senior Living have started construction of The Waters of Cape Coral, an assisted living and memory care community in Cape Coral, a…
SLIB Negotiates $3.3M Sale of Assisted Living Community in Northwest Arkansas
CLARKSVILLE, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Heritage Inn Retirement Center, an assisted living community in the Northwest Arkansas city of Clarksville.
CCRC Near Orlando Plans $100M Expansion
MOUNT DORA, Fla. — Waterman Village, an independent, nonprofit continuing care retirement community in the Orlando suburb of Mount Dora, has announced plans for a $100 million expansion.
Capital One Provides $118.3M Fannie Mae Loan for Four-Property Portfolio
SEATTLE — Capital One has provided a $118.3 million Fannie Mae adjustable-rate loan to an investment vehicle managed by Seattle-based alternative investment firm Columbia Pacific Advisors.
ESI Brokers Sale of Ohio Skilled Nursing Facility for $7.3M
NORWALK, Ohio — Evans Senior Investments (ESI) has arranged the sale of Gaymont Nursing Center in Norwalk, approximately midway between Cleveland and Toledo, for $7.3 million.
Lancaster Pollard Arranges $7.6M Bridge Loan for Three Skilled Nursing Facilities in Kansas, Missouri
KANSAS CITY, Mo. — Lancaster Pollard has arranged a $7.6 million bridge loan for three skilled nursing facilities operated by Medicalodges Inc.
Solvere Appoints Jack McCarthy, Jamie Holiefield to Corporate Positions
ST. PETERSBURG, Fla. — Solvere Living has appointed Jack McCarthy to the position of executive vice president and Jamie Holiefield as vice president of the Eastern region. Solvere is the…
Buchanan Street Completes 298-Unit Active Adult Community Near Salt Lake City
HERRIMAN, Utah — Buchanan Street Partners, a real estate investment management firm based in Newport Beach, Calif., has completed construction of Incline at Anthem.
Continuing Life Plans 480-Unit CCRC in Orange County, California
SAN JUAN CAPISTRANO, Calif. — Continuing Life has unveiled plans for Reata Glen, a 480-unit continuing care retirement community in San Juan Capistrano.
HJ Sims Arranges $17.5M Financing for CCRC Expansion in Central Pennsylvania
PITTSTON, Pa. — HJ Sims has arranged $17.5 million in financing for United Methodist Homes.
PGIM Provides $10M Freddie Mac Refinancing for Watercrest Community in Florida
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…
The Legacy Senior Communities Names Jerry Rasansky as Board Chair
PLANO, Texas — The Legacy Senior Communities, a nonprofit organization based in Plano, has elected Jerry Rasansky as chair of the board of trustees.
Joint Venture Acquires 558-Unit Affordable Community in Brooklyn for $150M
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.
KeyBank Provides $127.7M Financing for 19-Property Skilled Nursing Portfolio in Nevada, Texas
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.
Starwood, Ryan Cos., Cadence Start Construction of 198,000 SF Community in Arizona
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…
Sims Mortgage Funding Arranges $22.1M Refinancing for Memory Care Facility in Metro D.C.
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.
Lifespace Opens Health Center at CCRC in Illinois to the Public
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…
Complacency Equals Vulnerability in Seniors Housing Industry, Warns Benchmark CEO Tom Grape
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…
Ryan Cos. Starts Construction of 138-Unit Community in Minnesota
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.
Hunt Midwest, Integral Senior Living Break Ground on 84-Unit Assisted Living Community in Florida
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…
KeyBank Provides $36.3M FHA Loan for Acquisition of Skilled Nursing Portfolio in Ohio
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.
CCRC in Massachusetts Partners with Brigham and Women’s Hospital for On-Site Wellness Clinic
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.
PR Mortgage & Investments, RICHMAC Funding Rebrand as Merchants Capital
INDIANAPOLIS — PR Mortgage & Investments, together with its wholly owned subsidiary RICHMAC Funding LLC, has rebranded as Merchants Capital.
Lancaster Pollard Arranges $120M Financing Package for SanStone Health in North Carolina
ARDEN, N.C. — Lancaster Pollard has arranged a total of $120 million in financing for SanStone Health & Rehabilitation, a skilled nursing provider.
Alcove Properties Breaks Ground on 55-Unit Community in Kansas
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.
Blueprint Negotiates Sale of Two Communities in Metro Philadelphia
PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of two assisted living and memory care communities on the Philadelphia Main Line.
Leisure Care Plans Renovations at 83-Unit Community Near Akron, Ohio
STOW, Ohio — Leisure Care has announced a planned remodel at its community in Stow, scheduled for completion in the first half of 2019.
Charter Senior Living Names Jayne Sallerson as COO, Carol Simbeya as Corporate Director of Sales
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…
Lifespace Hires Rick Oros as Director of Operations, Maia Bonner as Vice President of Sales
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.
Welltower, Hines Plan Second Manhattan High-Rise Community
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…
KeyBank Arranges $291M Freddie Mac Financing for 17-Property Portfolio
CLEVELAND — KeyBank Real Estate Capital has arranged a $291 million Freddie Mac loan for the acquisition of a 17-property seniors housing portfolio.
Benchmark Opens 88-Unit Community in Fairfield, Connecticut
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.
MedEquities Enters 15-Year Lease With Fort Worth-Based Seniors Housing Operator
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…
Grandbridge Secures $13.7M Refinancing for Two Communities in Washington, Montana
BELLINGHAM, Wash., and GREAT FALLS, Mont. — Grandbridge Seniors Housing and Healthcare Finance Group has facilitated the closing of two loans for Highgate Senior Living.
ESI Negotiates Tenant for North Carolina Assisted Living Facility
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.
Leisure Care Opens 134-Unit Community in South Florida
LAKE WORTH, Fla. — Leisure Care has opened The Landing of Lake Worth in the Palm Beach County city of Lake Worth.
Blueprint Negotiates Sale of 114-Bed Skilled Nursing Facility in Tennessee
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.
Executive Search Firm MedBest Hires Ashley Lodi as Senior Executive Recruiter
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…
ResMed to Acquire MatrixCare Seniors Housing Software Platform for $750M
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…
NHI Extends, Restructures Lease for 25-Property Holiday Retirement Portfolio
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…
Cadence Living Acquires Three-Community Portfolio in Atlanta, Nashville
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…
ESI Arranges $2.1M Sale of Memory Care Facility in Las Vegas
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.
Ziegler Closes $75.6M Bond Financing for CCRC Expansion in Maryland
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.
Wolff Breaks Ground on 151-Unit Independent Living Community Near Seattle
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.
Dwight Capital Provides $13.2M Acquisition Financing for Three Skilled Nursing Facilities in Tennessee
KINGSPORT, LAWRENCEBURG and HUNTSVILLE, Tenn. — Dwight Capital has provided $13.2 million in financing for the acquisition of three skilled nursing facilities in Tennessee.
Integral Senior Living Opens Assisted Living Community in Houston
HOUSTON — Integral Senior Living has opened The Shores at Clear Lake, an assisted living and memory care community in the southeastern outskirts of Houston.
Revere Capital Refinances Assisted Living Development Site in Florida for $3.6M
SARASOTA, Fla. — Revere Capital has financed a $3.6 million loan secured by a 29.1-acre land parcel located in Sarasota.
Benchmark Opens First Community in New York State
SMITHTOWN, N.Y. — Benchmark has opened Whisper Woods of Smithtown, an assisted living and memory care community in Smithtown, located on Long Island.
Radiant Senior Living Breaks Ground on 16-Unit Expansion in Idaho
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…
Blueprint Brokers Sale of Two-Property, 234-Bed Skilled Nursing Portfolio in Arkansas
ARKANSAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities in Arkansas for an undisclosed price.
CBRE Arranges Refinancing for 221-Unit Community in San Antonio
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.
Watercrest Senior Living Group Hires Hollie Kemp as Vice President of Dementia Services, Programming
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.
Wolff Co. Breaks Ground on 143-Unit Community in Hillsboro, Oregon
HILLSBORO, ORE. — The Wolff Co. has broken ground on Revel Amberglen, an independent living community within Hillsboro’s mixed-use Amberglen Business Park.
Cushman & Wakefield Advises on $264M, 17-Community Portfolio Sale for HCP
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.
Monticello Provides $69M in Financing for Seniors Housing Portfolio in New Jersey
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…
CareTrust REIT Buys 110-Bed Skilled Nursing Facility in North Dakota
FARGO, N.D. — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired The Meadows on University, a 110-bed skilled nursing facility in Fargo.
Speak Life Hires Executives for New Locations, Corporate HR
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.
Koelsch Communities Building $40M Independent Living Community in Chandler, Arizona
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.
Cushman & Wakefield Arranges $23.8M Construction Financing for Community in Bay Area
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…
Sunshine Retirement Plans 150-Unit Community in Southern California
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…
Blueprint Brokers Sale of 73-Unit Community in Las Vegas
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.
Carnegie Capital Arranges $6.2M Refinancing for Community in Portland
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.
Stoneridge Creek Completes 151-Unit Expansion in Pleasanton, California
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.
Immanuel Lutheran Communities Finishes Independent Living Addition to CCRC in Montana
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…
Seasons Management Opens $11M Memory Care Community in Chandler, Arizona
CHANDLER, Ariz. — Operator Seasons Management has opened Parkland Memory Care, a 72-bed memory care community in the Phoenix suburb of Chandler.
CBRE Arranges $9M Refinancing for Memory Care Community in Washington
WENATCHEE, Wash. — CBRE has arranged a $9 million refinancing for Fieldstone Memory Care of Wenatchee, a recently completed memory care community in Wenatchee.
Blueprint Negotiates Sale of 30-Unit Community in Mansfield, Ohio
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.
Carolinas HealthCare Starts $15M Renovation of CCRC in North Carolina
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.
NIC, Yardi Partner to Offer Actual Rents Metric in Seniors Housing
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…
BMO Harris Provides $16.7M Acquisition Financing for Community in Bellevue, Washington
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…
Discovery Senior Living Completes 36-Unit Independent Living Expansion in Florida
MELBOURNE, Fla. — Discover Senior Living has finished a 36-unit independent living expansion at Discovery Village At Melbourne.
Watercrest Senior Living Group Hires Kerry Thurston as Vice President of Operations
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has hired Kerry Thurston as vice president of operations.
More M&A Activity on the Horizon, According to Capital One Survey
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…
Abby Development Breaks Ground on 255-Unit Community in Lafayette, Louisiana
LAFAYETTE, La. — Abby Development has broken ground on The Vincent, a 255-unit seniors housing development in Lafayette.
Love Funding Names Eric Forguson Senior Director of Originations
ST. LOUIS — Love Funding has hired Eric Forguson as senior director of originations. Forguson will join the Love Funding team in St. Louis.
Aman Living to Build $43M, 210-Unit Multicultural Community Near Chicago
HANOVER PARK, Ill. — Aman Living has unveiled plans for Verandah Retirement Community in Hanover Park, a village 30 miles northwest of Chicago.
HJ Sims Arranges $96.1M Bond Refinancing for Two CCRCs in Maryland
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.
CBRE Provides $32M in Financing for Acquisition of 200-Unit Community in Fresno, California
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…
Lancaster Pollard Funds $6.7M HUD Refinancing for 127-Unit Community in Indiana
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…
CA Senior Living Starts Construction of 137-Unit Community in Metro Denver
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.
KWA Construction Completes 243-Unit Independent Living Community in Allen, Texas
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.
Blueprint Brokers Sale of 92-Unit Community Near Tampa
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…
Lancaster Pollard Provides $4.9M HUD Refinancing for Community in Redmond, Washington
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.
Gary Cohn Talks Economy, Trade, Term Limits at NIC Conference
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…
Ziegler Arranges $91.9M Bond Refinancing for 612-Unit CCRC in Dallas
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.
SLIB Brokers $5.8M Sale of North Georgia Assisted Living
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.
Haven Senior Investments Negotiates $4.2M Sale of Memory Care Community Near Denver
LITTLETON, Colo. — Haven Senior Investments has arranged the sale of Golden Orchard Assisted Living, a 40-bed memory care facility in Littleton.
Cadence Living Hires Mike Dollander as Vice President of Operations for the Southeast
SCOTTSDALE, Ariz. — Mike Dollander has joined Cadence Living as vice president of operations for the Southeast region.
Patriot Angels Warns of VA Rule Changes
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…
HJ Sims Arranges $186.5M in Construction Financing for CCRC in Dallas
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…
Koelsch Communities Plans $15M Memory Care Community in Puyallup, Washington
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.
Greystone Provides $19.5M Acquisition Financing for Skilled Nursing Facility in Pittsburgh
PITTSBURGH — Greystone has provided $19.5 million in bridge financing for the acquisition of Squirrel Hill Center for Rehabilitation and Health in Pittsburgh.
Blueprint Negotiates Sale of 87-Bed Skilled Nursing Facility in Dayton, Ohio
DAYTON, Ohio — Blueprint has arranged the sale of Forest View Center, an 87-bed skilled nursing facility in Dayton, for an undisclosed price.
Sodalis Prepares to Build 73,777 SF Community Near Texas A&M
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…
Cushman & Wakefield Arranges $17.5M Construction Financing for Community Near Charlotte
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…
Solvere Takes Over Operations of Six Communities in Florida, Maryland, Texas
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…
Wolff Completes 160-Unit Independent Living Community in Colorado Springs
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…
SLIB Arranges Sale of 51-Unit Community in Georgia
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…
Related Cos., Atria Form Development Joint Venture, Plan $3B Pipeline
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…
Greystone Provides $15M Acquisition Loan for Two Skilled Nursing Facilities in Ohio
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…
Methodist Homes Relocates Florida Residents Due to Hurricane Michael, Panama City Community Remains Closed
BIRMINGHAM, Ala. — As Hurricane Michael bore down on the Florida Panhandle, Methodist Homes of Alabama & Northwest Florida moved 78 residents to new locations.
Integral Senior Living Takes Over Operations of Three Communities in Washington
SEATTLE and MUKILTEO, Wash. — Integral Senior Living, a California-based operator, has assumed management of three senior living communities in Washington state.
Jewish Community Housing for the Elderly Rebrands as 2Life Communities
BOSTON — Jewish Community Housing for the Elderly, a nonprofit operator based in Boston, has rebranded itself as 2Life Communities.
Marcus & Millichap Negotiates $32.4M Sale of Community in Metro Denver
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…
CBRE Arranges $11.2M Acquisition Financing for 101-Unit Property Near San Francisco
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…
RPM Development Group Opens Green Active Adult Community in Philadelphia Suburbs
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.
Cushman & Wakefield Recapitalizes 289-Unit Portfolio in New England for LCB Senior Living
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.
KeyBank Provides $720M Freddie Mac Refinancing for New Senior Investment Group
NEW YORK CITY — KeyBank Real Estate Capital has provided a $720 million refinancing to New Senior Investment Group (NYSE: SNR).
American House Buys 100-Unit Community in Macedonia, Ohio
BLOOMFIELD HILLS, MICHIGAN – American House Senior Living Communities has purchased Vista Springs of Macedonia in Macedonia, renaming the property American House Macedonia.
JLL Arranges $27.5M Fannie Mae Refinancing for Community in Massachusetts
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…
Vestcor Completes 96-Unit Affordable Community in Florida
MIDDLEBURG, Fla. — The Vestcor Companies has opened Cassie Gardens, a 96-unit affordable seniors housing community in Middleburg, a southwestern suburb of Jacksonville.
HHC Finance Hires Stephanie Anderson as National Sales Director
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.
CBRE Provides $24.9M Refinancing for 207-Unit Community in Southern California
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.
Harborview Capital Partners Arranges $26M Sale of Assisted Living Portfolio in Ohio
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.
Capital One Funds $17.1M HUD Refinancing for Skilled Nursing Facility Near Detroit
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.
Brookdale Completes $2.5M Memory Care Expansion at Community in Phoenix
PHOENIX — Brookdale Senior Living has completed an expansion at its Brookdale Desert Ridge community in Phoenix, adding 20 units for memory care residents.
Watercrest Promotes Rose Pietras to Vice President of Sales and Marketing
VERO BEACH, Fla. — Watercrest Senior Living Group has promoted Rose Pietras to vice president of sales and marketing.
ESI Arranges $31.5M Sale of Two Skilled Nursing Facilities in New Jersey
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.
CCRC in Pennsylvania Breaks Ground on 52-Unit Independent Living Expansion
WORCESTER, Pa. —Meadowood Senior Living, a nonprofit, independent continuing care retirement community, has broken ground on The Grove, a $30 million independent living expansion.
LCS Hires Monica Friedman as Chief Human Resources Officer
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.
Roger B. Kennedy Starts Construction of $11M Senior Apartments Near Orlando
DELAND, Fla. — Orlando-based Roger B. Kennedy Construction has broken ground on the new Banyan Cove senior living apartments in DeLand, near Orlando.
Allegro Senior Living Adds Mariola Dosey to Leadership Team as Vice President of Lifestyle
ST. LOUIS — Allegro Senior Living has hired Mariola Dosey to the newly created position of vice president of lifestyle.
Lutheran Senior Services Begins $70M Independent Living Expansion in Missouri
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…
Kendal Corp. Promotes Marvell Adams Jr. to COO
KENNETT SQUARE, Pa. — Kendal Corp., a Kennett Square-based owner-operator, has promoted Marvell Adams Jr. to the position of chief operating officer.
ESI Negotiates Lease for 120-Bed Skilled Nursing Facility in El Paso, Texas
EL PASO, Texas — Evans Senior Investments has arranged a lease agreement for a 120-bed skilled nursing facility in Texas.
Tutera’s Mike Levitt Elected President of the Missouri Health Care Association
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)…
Cushman & Wakefield Brokers Sale of 148-Unit Community in California
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…
Blueprint Brokers Sale of 159-Bed Skilled Nursing Portfolio in Cincinnati
CINCINNATI — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities in Cincinnati. The portfolio totals 159 beds.
LV Lending Provides $2.1M Refinancing for Community in Orlando
ORLANDO, Fla. — LV Lending, a Miami-based private lender, has provided a $2.1 million bridge loan to Stonegate Development Co.
Knapp Group Negotiates Sale of 88-Bed Skilled Nursing Facility Near Detroit
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…
Occupancy Declines Level Off as Seniors Housing Absorption Remains Strong, Says NIC
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…
Griffin-American Acquires 1,112-Bed Skilled Nursing Portfolio in Missouri for $88.2M
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…
Berry College Plans 48-Acre CCRC on Its Campus in Rome, Georgia
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…
The Ensign Group Acquires 73-Unit Community in Las Vegas
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.
Smith Senior Living Breaks Ground on $24M Rehab Expansion in Illinois
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…
Jewish Community Housing for the Elderly Plans 62-Unit Affordable Community Near Boston
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.
Capital One Provides $28.4M HUD Refinancing for Community Near Chicago
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.
LTC Urges Continued Attention, Donations to Hurricane Florence Recovery
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…
Highridge Costa, Coastal Rim Properties Break Ground on $130M Project in Hawaii
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…
Blake Management Group, LifeCare Properties Form JV to Expand Nationally
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.
CBRE Arranges $25.5M Refinancing for Newly Completed Community in Wilmington
WILMINGTON, Del. — CBRE has arranged $25.5 million in financing for a joint venture between Bourne Financial Group and HRA Senior Living.
Love Funding Names Brent Frank Senior Director of Originations
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.
Ridge Senior Living Tops Out $150M Development in Metro Denver
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…
SLIB Negotiates $11.7M Sale of Skilled Nursing Facility in Maryland
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…
Adolfson & Peterson Construction Completes 109-Unit Community in Dallas
DALLAS — Adolfson & Peterson Construction has completed construction of Adora Midtown Park, a 77,132-square-foot senior living facility in Dallas.
Greysteel Brokers Sale of a 102-Unit Affordable Community in Baltimore
BALTIMORE — Greysteel has arranged the sale of Lakewood Apartments, a Section 8 affordable housing community for seniors in Baltimore.
Walker & Dunlop Hires Seniors Housing Expert Michael Davis to Agency Financing Team
CHARLOTTE, N.C. — Walker & Dunlop Inc. has hired Michael Davis as senior vice president in the company’s FHA Finance group.
Affirmed Housing Opens $25M Affordable Community Near Los Angeles
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.
Activated Insights, Great Place to Work Institute, Fortune Magazine Publish First Best Workplaces in Aging Services List
OAKLAND, Calif. — Activated Insights, the Great Place To Work Institute and Fortune magazine have released their first “Best Workplaces in Aging Services” list.
Pennrose Tops Out 120-Unit Mixed-Income Community in Maryland
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.
CBRE Arranges Refinancing for 123-Unit Community in Austin
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…
Wolff Co. Completes 135-Unit Independent Living Property in Lacey, Washington
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…
Lancaster Pollard Provides $16.8M HUD Refinancing for 271-Bed Facility in Pennsylvania
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…
Berkadia Adds Skilled Nursing Expert Bianca Andujo to Seniors Housing Team
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…
Ziegler Arranges $200.6M Bond Financing for Nonprofit Owner Trousdale Foundation Properties
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.
Sunshine Retirement Living Breaks Ground on 133-Unit Community in South Carolina
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.
Frampton Construction Adds Three Team Members
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…
CBRE Arranges Acquisition Financing for Four-Property Portfolio in Indiana, Kentucky
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…
Canyon Partners Real Estate Invests $10.6M in 101-Unit Development in Southern California
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…
Public-Private Partnership Opens 162-Unit Affordable Community in Atlanta
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.
Seniors Housing Development Costs Dictate Market Entry, Says InterFace Panel
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…
Ryan Cos. Breaks Ground on $55M Community Near St. Louis
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…
LCS Completes 44-Unit Expansion at CCRC in Phoenix
PHOENIX — LCS has completed construction of Desert Willow Assisted Living Center, a 44-unit expansion of its Sagewood continuing care retirement community.
Integral Senior Living Promotes Two to Executive Team
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.
Civitas Senior Living Opens Two Communities in Austin
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.
Watercrest Senior Living Nears Completion of 106,882 SF Community in Metro Orlando
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…
Leisure Living Management Unveils $3M Expansion at Community in Michigan
ROCKFORD, Mich. — Leisure Living Management has completed a $3 million, 20-unit expansion at Boulder Creek Assisted Living and Memory Care.
Sunshine Starts Construction of 140-Unit Community in New England
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…
Marcus & Millichap Brokers $24M Sale of Two Skilled Nursing Facilities in Florida
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…
Ascend, Civitas Break Ground on 83-Unit Property in Fort Worth
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.
Blueprint Negotiates Sale of Memory Care Community in Orange County, California
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.
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