VISTA, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Vista Gardens, a 71-unit memory care community in Vista, located between San Diego and Los Angeles.
AKRON, Ohio, and CHICAGO — Sentrics, a Chicago-based technology firm serving the seniors housing industry formerly known as SeniorMetrics, has announced plans to acquire SeniorTV.
CANTON, Mass. — HJ Sims has arranged $20 million in bonds to refinancing for Orchard Cove, a continuing care retirement community in Canton, approximately 15 miles south of Boston.
BRIDGEWATER, N.J. — LCS has hired Brian Alexopoulos as the new executive director at Laurel Circle, a 28-acre continuing care retirement community serving more than 200 seniors.
FAIRFIELD, Calif. — Cushman & Wakefield Senior Housing Capital Markets has arranged a $26.4 million first mortgage loan to refinance Rockville Terrace, an assisted living community in the Bay Area city of Fairfield.
LEOMINSTER, Mass. — KeyBank Real Estate Capital has originated a $12.2 million Fannie Mae, first mortgage loan for Sunrise of Leominster in Leominster, approximately 40 miles west of Boston.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has hired Judi Donovan as vice president of startup operations and Julio Trejo as national director of culinary. Both roles are newly created positions within the company.
New tax breaks could incentivize building in certain markets and regions.
NEWTON, Mass. — Publicly traded REIT Seniors Housing Properties Trust (NASDAQ: SNH) and publicly traded operator Five Star Senior Living (NASDAQ: FVE) have restructured their business relationships regarding the 261 seniors housing properties owned by SNH and operated by FVE. Both companies are based in the Boston suburb of Newton.
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE), a publicly traded investor based in San Clemente, has acquired 12 seniors housing communities totaling 1,734 beds in Texas and Louisiana for $211 million.