DALLAS — Shortly after purchasing six Dallas-based senior living communities, Life Care Services has announced an immediate multimillion-dollar renovation plan for the properties.
DULUTH, Ga. — OneStreet Residential has opened the doors on MainStreet Breckinridge, a $21.6 million active-adult community in the Atlanta suburb of Duluth.
THE WOODLANDS, Texas — Avanti Senior Living has promoted Angela Copeland to new national director of Salize Memory Carem the company’s memory care division.
CLEARWATER, Fla. — Innovation Senior Management has acquired Heritage House, a 24-bed assisted living facility in the Tampa suburb of Clearwater.
FREDERICK, Md. — Love & Company, a niche marketing and consulting firm that specializes in senior living, has hired Karen Adams as vice president of market intelligence.
SEATTLE — Ziegler has closed $75 million in bond financing for Horizon House, a 482-unit continuing care retirement community (CCRC) in downtown Seattle.
Owners and operators expect demand for seniors housing to remain healthy in 2018 thanks to steady economic growth and an improving housing market, according to the winter 2018 U.S. Seniors Housing & Care Investor Survey Update conducted by CBRE.
CHADDS FORD, Pa. — Cushman & Wakefield Senior Housing Capital Markets has raised equity and arranged $20.5 million in financing for the construction of The Residence at Chadds Ford, an 84-unit independent living, assisted living and memory care community in the Philadelphia suburb of Chadds Ford.
CHICAGO — Regions Bank has hired Christopher Honn as managing director for seniors housing. Honn will be based in the company’s Chicago office.
ANNAPOLIS, Md. — The occupancy rate for seniors housing properties averaged 88.8 percent in the fourth quarter of 2017, unchanged from the prior quarter and down 0.7 percentage points from year-earlier levels, according to the National Investment Center for Seniors Housing and Care (NIC).