STILLWATER, Minn. ─ Intergenerational Living & Health Care Inc. (ILHC) has broken ground on The Lakes at Stillwater, an independent living, assisted living and memory care community in the Minneapolis suburb of Stillwater.
ATLANTA — Regional Health Properties Inc. (NYSE: RHE) has completed the previously announced merger with its former parent company, AdCare Health Systems.
NEW HAVEN, Conn. — KeyBank Real Estate Capital has provided $12.9 million in FHA financing to the Jewish Federation of Greater New Haven for Tower One & Tower East, a seniors housing property in New Haven.
WOODBURY, N.Y. — The Nassau County Industrial Development Agency has entered into an economic development compact with Benchmark Senior Living. The agency will assist Benchmark in the development of an assisted living community in Woodbury.
PORT ST. LUCIE, Fla., and SANTEE, S.C. — Senior Living Investment Brokerage has arranged the sale of Paradise Care Cottage in Port St. Lucie and Magnolias of Santee in Santee for undisclosed prices.
TAMPA, Fla. — Validus Group Partners Ltd., a Tampa-based investment firm, has hired Richard Mocsari as chief financial officer. Mocsari will lead the firm’s finance and accounting functions, along with corporate finance duties related to Validus’ current holdings and new investments.
IRVINE, Calif. — Sabra Health Care REIT (NASDAQ: SBRA) has acquired 21 skilled nursing facilities in a sale-leaseback transaction with an undisclosed West Coast operator for $378 million.
ALISO VIEJO, Calif. — CBRE has arranged an undisclosed amount of construction financing for Belmont Village Aliso Viejo, a 157-unit assisted living and memory care community in Aliso Viejo, a master-planned community in the San Joaquin Hills between Los Angeles and San Diego.
CHICAGO — Senior Lifestyle, a Chicago-based owner, operator and developer, has hired Justin Robins and Jim Pusateri as executive vice presidents and co-chief operating officers. The company also hired Paula Adams as chief clinical officer. The new team will focus on establishing and strengthening business partner alignment, optimizing performance and fostering strategic growth.
WEST ALLIS, Wis. — Heritage Senior Living has hired Karen Schacht as vice president of quality and promoted Jaime Schwingel to the position of vice president of clinical and medical operations.