Availability of financing leads to overbuilding in markets with low barriers to entry.
SEATTLE and TOLEDO, Ohio — Merrill Gardens, a Seattle-based owner-operator, has formed a joint venture with ReNew, a Toledo-based REIT. The two companies will co-own 26 of the 28 seniors housing properties that ReNew is acquiring from New Senior Investment Group.
SCOTTSDALE, Ariz. — Longtime seniors housing executive Brad Fuqua died of a heart attack on Friday, Nov. 8. He was 49 years old.
WACO, Texas — Blake Management Group and LifeCare Properties have broken ground on The Blake at Waco.
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a Murfreesboro-based REIT, has promoted John Spaid from executive vice president of finance to chief financial officer.
CHICAGO — Evans Senior Investments (ESI), a Chicago-based consulting firm and brokerage, has launched a new company: Evans Senior Marketing.
BOWIE, Md. — Thrive Senior Living has opened Tribute at Melford, an assisted living and memory care community in Bowie, approximately 15 miles northeast of downtown Washington, D.C.
BLOOMFIELD, N.J. — Juniper Communities has appointed Ryan Bartell to the new position of senior sales director on its leadership team.
WOODBURY, N.Y. — EW Howell Construction Group has completed Orchard Estate of Woodbury, and 89-unit assisted living and memory care community in Woodbury.
HUNTSVILLE, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Lexington Center, a 40-unit assisted living facility in Huntsville, approximately 70 miles north of Houston.