IRWIN, Pa. — The Knapp Group of Marcus & Millichap has brokered the sale of two seniors housing properties in Irwin, approximately 20 miles southeast of Pittsburgh.
A partnership between management/consulting firm American Healthcare Management Group and interior designer Spellman Brady & Co. has unveiled Elevate Senior Living, a pre-designed seniors housing development concept.
MIAMI — Lloyd Jones, a seniors housing and multifamily investment firm based in Miami, has appointed Tod Petty as executive vice president of Lloyd Jones Senior Living.
ATLANTA — Seniors housing investors are pumping the brakes on acquiring memory care facilities as the property type’s fundamentals and high turnover have proven to be worrisome.
RICHMOND, Texas — CIT Group served as sole lead arranger for a $34 million financing for an assisted living community in Richmond, approximately 25 miles southwest of Houston.
TRUMBULL, Conn. — Resort Lifestyle Communities (RLC) will host a groundbreaking ceremony Sept. 19 for River Valley, an independent living community in Trumbull.
LANDISVILLE, MILLERSVILLE and KULPMONT, Pa. — KeyBank Real Estate Capital has provided $28 million in HUD-insured financing for Persimmon Ventures.
ANDERSON, S.C. — Evans Senior Investments has arranged the sale of Ellenburg Nursing Center, a 181-bed skilled nursing facility in Anderson, located southwest of Greenville near the Georgia border.
THOMASVILLE, Ga. — Monarch Advisors has arranged an undisclosed amount of financing for the development of an assisted living and memory care community in Thomasville, located near the border between Georgia and the Florida Panhandle.
ATLANTA — Seniors housing operators and developers are facing pressure to adapt as a new category of lower-acuity housing rises in popularity. The new player in the seniors housing game — active adult — is undercutting independent living developers by appealing to a slightly younger population of empty nesters and retirees.