MORGANTON, N.C. — Carolinas HealthCare System Blue Ridge has started a $15 million renovation project at Grace Ridge, a 52-acre continuing care retirement community (CCRC) in Morganton.
CHICAGO— The National Investment Center for Seniors Housing & Care (NIC) kicked off its 2018 Fall Conference in Chicago by announcing a new software partner certification for measuring rental rates in seniors housing. Multifamily rental software company Yardi is the new partner.
BELLEVUE, Wash. — BMO Harris Bank’s Commercial Real Estate Healthcare group has closed $16.7 million in acquisition and renovation financing for Sagebrook, an independent living, assisted living and memory care community in Bellevue.
MELBOURNE, Fla. — Discover Senior Living has finished a 36-unit independent living expansion at Discovery Village At Melbourne.
VERO BEACH, Fla. — Watercrest Senior Living Group, a Vero Beach-based owner-operator, has hired Kerry Thurston as vice president of operations.
CHICAGO — Some 92 percent of executives from the seniors housing and long-term care industry expect the pace of mergers and acquisitions within the sector to remain the same or increase over the next 12 months, according to newly released findings in a Capital One survey. Conversely, only 8 percent expect M&A activity to decrease.
LAFAYETTE, La. — Abby Development has broken ground on The Vincent, a 255-unit seniors housing development in Lafayette.
ST. LOUIS — Love Funding has hired Eric Forguson as senior director of originations. Forguson will join the Love Funding team in St. Louis.
HANOVER PARK, Ill. — Aman Living has unveiled plans for Verandah Retirement Community in Hanover Park, a village 30 miles northwest of Chicago.
GAITHERSBURG and SOLOMONS, Md. — HJ Sims has closed $96.1 million in bond financing for Asbury Atlantic, a continuing care retirement community owner-operator based in Frederick, Md.