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.
BRENTWOOD, Tenn. — CBRE has arranged $160.3 million in financing for Brookdale, which will restructure debt on a five-property, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas.
DALLAS — Capital Senior Living (NYSE: CSU), a Dallas-based operator, has appointed Brandon Ribar to the position of chief operating officer.
SPRING LAKE, N.J., NEW YORK CITY and YORKTOWN, Va. — M&T Realty Capital Corp. has provided three loans totaling $84.6 million for seniors housing communities in New Jersey, New York and Virginia.
LYNCHBURG and PETERSBURG, Va. — Elevation Financial Group has acquired two seniors housing communities totaling 103 units in Virginia for $1.3 million, or $12,621 per unit.
CHICAGO — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has promoted Steve Thomes to senior managing director and head of business development.
RIVERSIDE, Calif. — Cushman & Wakefield has negotiated the sale of Altavita Village, California’s third-largest senior living community according to the broker.
CHICAGO — The seniors housing industry remains optimistic about acquisitions of existing properties and repositioning of older facilities, according to Capital One’s annual survey of seniors housing and long-term care executives.
HIGHLANDS RANCH, Colo. — Erickson Living has unveiled plans for a two-building residential expansion at Wind Crest, a continuing care retirement community (CCRC) in Highlands Ranch, about 15 miles south of Denver.
OCEANSIDE, Calif. — Developer Protea and Irwin Partners Architects (IPA) have completed construction of Ocean Hills, a seniors housing community in Oceanside, approximately 35 miles north along the coast from San Diego.