RACINE, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Atrium of Racine and Bay Pointe at the Atrium, a seniors housing campus in Racine, approximately 25 miles south of downtown Milwaukee.
DES MOINES, Iowa — Lifespace Communities, a Des Moines-based nonprofit owner and operator of 15 senior living communities across eight states, has hired Susan Bowser as regional director of sales and marketing. Concurrently, Rob Clark was hired as regional director of operations.
AURORA, Ill. — Walker & Dunlop Inc. has provided $12.8 million in bridge financing for The Grove Fox Valley, a 156-bed skilled nursing facility in Aurora, approximately 40 miles west of downtown Chicago.
DEERFIELD BEACH, Fla. — TD Bank has provided $9 million loan for the renovation of Palms of Deerfield Apartments, an affordable seniors housing community in Deerfield Beach.
RAVENNA, Ohio — Capital Funding has provided a $5.8 million bridge-to-HUD loan for Longmeadow Skilled Nursing and Rehabilitation Center in Ravenna, about 35 miles southeast of downtown Cleveland.
NAPA, Calif. — Watermark Retirement Communities has hired two executives to lead The Watermark at Napa Valley, a luxury retirement community scheduled to open in Napa in the summer of 2020.
The skilled nursing industry is in a state of flux, but there are solutions.
KANSAS CITY and INDEPENDENCE, Mo. — LTC Properties Inc. (NYSE: LTC) has acquired a skilled nursing center in Kansas City, while simultaneously unveiling plans for a new skilled nursing development in nearby Independence.
ADDISON, Ill. — Developer LCS, investor Harrison Street and builder Ryan Cos. have completed Clarendale of Addison, located approximately 20 miles from downtown Chicago.
HICKORY, N.C. — Woda Cooper Cos. has unveiled plans for Center Crossing, a 50-unit affordable seniors housing community in Hickory, approximately 50 miles northwest of Charlotte.