NAPLES, Fla. — Watercrest Senior Living Group and United Properties have broken ground on Watercrest Naples Assisted Living and Memory Care in the South Florida city of Naples.
SPARTANBURG, S.C. — LTC Properties Inc. (NYSE: LTC) and an affiliate of Affinity Living Group have acquired The Inverness at Spartanburg, an 87-unit assisted living and memory care community in Spartanburg, for $10 million.
SULLIVAN, Ind. — R4 Capital has provided $6.7 million of tax credit equity to Historic Sullivan Lofts, an adaptive re-use and conversion of two historic structures. The development will provide 40 units of seniors housing to the rural community of Sullivan.
BETHESDA, Md. — Brightview Senior Living has started construction of Brightview Bethesda Woodmont, an eight-story, 112-unit assisted living and memory care community in the Washington, D.C. suburb of Bethesda.
ANNAPOLIS, Md. — The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit organization providing data to the seniors housing industry, has appointed David Nash and Mike McCurry to its board of directors.
WEST PALM BEACH, Fla. — Charter Senior Living will take over management of Brookdale at Haverhill Road, 34-unit community in West Palm Beach, 70 miles north of Miami.
OREGON and MISSOURI — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged two loans totaling $16.7 million for seniors housing communities in Oregon and Missouri.
RICHLAND, Miss. — Senior Living Investment Brokerage has arranged the sale of Plain View Assisted Living, a 40-unit assisted living community in Richland, just south of Jackson.
Due to strong demographic shifts and increasing demand, seniors housing is “one of the strongest asset classes over the past 10 years, and this should continue for the foreseeable future,” according to the 2018 edition of Viewpoint, an annual commercial real estate trends report released by Integra Realty Resources (IRR).
TARPON SPRINGS, Fla. — Watercrest Senior Living Group has opened a new Market Street Memory Care Residence in the Tampa suburb of Tarpon Springs.