ANNAPOLIS, Md. — Occupancy in U.S. skilled nursing facilities reached 83.7 percent in the first quarter of 2019, representing the first year-over-year increase since January 2015.
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NORTHBROOK, Ill. — Skender, serving as base building and interior construction manager, has completed an expansion project at North Shore Place in Northbrook, approximately 20 miles north of Chicago.
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COOKEVILLE, Tenn. — Walker & Dunlop Inc. has structured a $5.8 million loan through the United States Department of Housing and Urban Development (HUD) for Walnut Village, an affordable seniors housing community in Cookeville, approximately midway between Knoxville and Nashville.
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ZEELAND, Mich. — Leisure Living has broken ground on Riley’s Grove, a 44-unit assisted living community in Zeeland, about 20 miles southwest of Grand Rapids.
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CHARLOTTE, N.C. — Maxwell Group, parent company to Senior Living Communities, Wellmore and Living Long Well Care, has promoted Ben Thompson to president. Thompson has been with the company for nine years.
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COLUMBIA, S.C. — Discovery Senior Living has opened Discovery Village At Sandhill, a 187-unit independent living community in Columbia.
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ARVADA, Colo. — Co-developers MorningStar Senior Living and Confluent Senior Living have completed construction of MorningStar of Arvada, a seniors housing community in the Denver suburb of Arvada.
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MADISON, Wis. — Associated Bank has completed $4.7 million in new construction financing and placement of $6.2 million in low-income housing tax credit (LIHTC) equity for Point Place Senior Apartments in Madison.
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TEXAS — Live Oak Bank has provided a $10 million conventional loan for the acquisition and renovation of a 90-unit assisted living and memory community.
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SEATTLE — M&T Realty Capital Corp. has hired James Schneider II as senior managing director, William Roach and Madeleine Roach as managing directors, and Shawn Needham as production analyst.
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