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.
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.
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.
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.
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.
COLUMBIA, S.C. — Discovery Senior Living has opened Discovery Village At Sandhill, a 187-unit independent living community in Columbia.
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.
Associated Bank Provides $6.2M LIHTC Equity, $4.7M Construction Financing for Community in Wisconsin
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.
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.
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.