TUCSON, Ariz. — Watermark Retirement Communities has appointed Karen Mlawsky to the newly created post of chief operating officer.
TOLEDO, Ohio — KeyBank Real Estate Capital’s healthcare lending platform has provided over $159 million in acquisition financing to ReNew Investors and affiliated entities.
CANONSBURG, Pa. — BHI and Contemporary Healthcare Capital have arranged $9.5 million in acquisition financing for a 118-bed skilled nursing facility.
CHARLOTTE, N.C. — Senior Living Communities has hired Lauren Sanford as a lifestyle advisor, serving at the Charlotte home office. The company also hired Ashley Parrish as executive director of The Charlotte, a seniors housing community in Charlotte.
Seniors housing has generally been considered a niche asset class with niche residents. After all, there are age restrictions, finite timelines for most residents, third-party advocates (namely, the seniors’ family), elevated rental rates, highly trained operators, a limited selection of amenities and oftentimes residents with special needs. None of the above has changed in recent years.
ROGERS, Ark. — Abby Development has started construction of Pinnacle Groves, a seniors housing community in Rogers, located in the Northwestern corner of the state.
WINDSOR, Calif. — Oakmont Senior Living, an owner-operator based in the Northern California town of Windsor, has hired Eric Portnoff as vice president of memory care and resident programs.
SKOKIE, Ill. — Housing & Healthcare Finance has provided $81 million in HUD loans for Cascade Capital Group and Legacy Healthcare, a skilled nursing owner-operator joint venture based in Skokie.
MIAMI, Okla. — CBRE has arranged the sale of Windridge Nursing Center, a 100-bed skilled nursing facility in Miami, near the Kansas and Missouri borders approximately midway between Oklahoma City and Kansas City.
RENO, Nev. — Carson City, Nev.-based Mission Senior Living has broken ground on Mountain Lakes Estates Retirement Community in Reno.