CARTERSVILLE, Ga. — Live Oak Bank has provided $9.5 million in financing for a new assisted living community in the northwestern Atlanta suburb of Cartersville.
RESEDA, Calif. — Los Angeles Jewish Home has appointed Andrew Berman, an entertainment industry veteran with over 35 years of experience in global sales, marketing, and content acquisition, to a two-year term as chair of the board of directors.
BRIDGEWATER, N.J. — LCS has acquired Arbor Glen, a continuing care retirement community (CCRC) in Bridgewater, for an undisclosed price.
NEW YORK CITY — Hunt Mortgage Group has continued the expansion of its seniors housing and healthcare team with the addition of three new executives. All three will focus on Fannie Mae and Freddie Mac credit and underwriting for this niche sector.
HOUSTON — Tradition Senior Living has broken ground on The Tradition-Woodway, a 23-story independent living, assisted living and memory care community in Houston.
WINTER PARK, Fla. — Watercrest Senior Living Group and Titan Development Real Estate Fund I have announced plans for Watercrest Winter Park Assisted Living and Memory Care in the Orlando suburb of Winter Park.
SCOTTSDALE, Ariz. — Cadence Senior Living has hired Holly Springs-McMurry as director of operations and community integration.
ANNAPOLIS, Md. — Average occupancy for seniors housing properties throughout the United States has fallen to 87.9 percent in the second quarter of 2018, according to the National Investment Center for Seniors Housing & Care (NIC). The rate is the lowest since first-quarter 2010, when it hit 86.9 percent. Assisted living occupancy, already at record lows, also fell further to 85.2 percent.
KENTUCKY — Monticello Asset Management has funded $8.4 million in first lien debt financing and $1.5 million in working capital to Healthcare Management KY LLC.
SOUTHFIELD, Mich. — American House Senior Living Communities, a Southfield-based operator, has promoted Sean Dimas to vice president of operations for the senior living organization’s Florida region.