SOUTHERN CALIFORNIA — JCH Senior Housing Investment Brokerage has arranged the sale of an assisted living facility in Southern California for $9.6 million.
ST. LOUIS — Spellman Brady & Co. has promoted Jen Sheehan to project manager and senior designer.
OXFORD, Pa. — Presbyterian Senior Living has completed a $14.4 million expansion at Ware Presbyterian Village, a continuing care retirement community (CCRC) in Oxford, located midway between Philadelphia and Baltimore.
Mom and Pops in the Southeast are left in a precarious position by rapid growth.
IRVINE, Calif. — HCP (NYSE: HCP), an Irvine-based healthcare REIT and the fourth-largest owner of seniors housing properties, has closed on a new $2 billion unsecured revolving credit facility.
WEST COLUMBIA, S.C. — Ziegler, a specialty investment bank, has closed $39.3 million in bond financing for South Carolina Episcopal Home at Still Hopes, a 278-unit continuing care retirement community (CCRC) in Columbia.
PICKERINGTON, Ohio — Spectrum Retirement Communities has finished construction of Sycamore Creek Senior Living, a 132-unit independent living community in the Columbus suburb of Pickerington.
FORT WORTH, Texas — Methodist Retirement Communities (MRC) has unveiled plans for Stevenson Oaks, a 259-unit continuing care retirement community (CCRC) in Fort Worth.
WASHINGTON, D.C. — Financing for seniors housing properties through the HUD Lean Section 232 mortgage insurance program saw a notable increase for the fiscal year ending Sept. 30, with total volume jumping 20 percent over the previous year to $3.4 billion.
CLINTON TOWNSHIP, Mich. — Bernard Financial Group has arranged a $1.5 million loan for a 24-unit assisted living facility in the Detroit suburb of Clinton Township.