MONUMENT, Colo. — Jackson Creek Senior Living, a newly opened seniors housing community in the Colorado Springs suburb of Monument, has named Al Fritts as its executive director. He will oversee operations of the community’s 137 independent living, assisted living and memory care apartments.
PLYMOUTH, Mich. — CBRE has arranged a $48 million refinancing for Cedarbrook of Northville, a 201-unit independent living, assisted living and memory care community in Plymouth, about 25 miles west of Detroit.
SCOTTSDALE, Ariz. — Dwight Bridge Fund, which Dwight Capital’s affiliated investment advisor manages, has provided $30.5 million in bridge financing for Avenir Senior Living, a Scottsdale-based owner-operator.
PHOENIX — Thorofare Capital has funded a $13 million bridge loan to refinance and renovate Park Terrace, a 277-unit assisted living and independent living community in North Phoenix.
WASHINGTON, D.C. — Healthcare Transactions Group has arranged the sale of VMT Long-Term Care Management Inc., a D.C.-based provider of health services, for an undisclosed price.
DENVER — It’s Never 2 Late, a Denver-based software provider for the seniors housing industry, has appointed Lisa Taylor as its new CEO.
Market and regulatory forces alike are having a profound impact on the business model for continuing care retirement communities.
Companies that stay with the times have a better shot at filling rooms.
Senior living providers are figuring out how to forge successful partnerships with hospitals and other healthcare providers.
An active bridge financing pipeline plus large portfolio deals keep hopes alive for total deal volume to reach $3.4 billion again in fiscal year 2018.