KENNEWICK, Wash. — CBRE has arranged $26.4 million in financing for the acquisition of Fieldstone Grandridge and Fieldstone Memory Care, a 138-unit assisted living and memory care community in Kennewick, located in the southeast portion of the state.
KIRKLAND, Wash. — The Wolff Company, an Arizona-based developer, has announced plans for Revel Kirkland, a 152-unit independent living community in the Seattle suburb of Kirkland.
VISALIA, Calif. — NorthMarq Capital has arranged $29.3 million in financing for the construction of Quail Park at Shannon Ranch, a 120-unit seniors housing property in Visalia, located between Los Angeles and the Bay Area.
DENVER, Colo. — It’s Never 2 Late, a Denver-based software company serving the seniors housing industry, has hired Karen O’Hern as the company’s vice president of enterprise solutions.
ANNAPOLIS, Md. — Despite a severe flu season that should’ve put more patients into skilled nursing facilities, occupancy in the sector continued its years-long decline in fourth-quarter 2017, according to the National Investment Center for Seniors Housing and Care (NIC).
WAUNAKEE and SUN PRAIRIE, Wis. — Griffin-American Healthcare REIT IV has acquired a 254-bed seniors housing portfolio in Central Wisconsin for $22.6 million.
NEW YORK CITY — New York-based operator Affinitas Life has merged with New Empire Corp., a family-owned real estate group. The new company will operate under the name: “Affinitas Life, a Division of New Empire Corp and its Vertically Integrated Real Estate Development Platform.”
SARASOTA, Fla. — HealthTrust, a seniors housing appraisal and advisory firm based in Sarasota, has hired Michael Jones as chief financial officer.
NASHVILLE, Tenn. — 4 West Holdings Inc., the parent company of Nashville-based skilled nursing operator Orianna Health Systems, has filed for Chapter 11 bankruptcy.
CYPRESS, Texas — CBRE has arranged $20.9 million in financing for the acquisition of Park Creek, a 124-unit independent living community in the Houston suburb of Cypress.