BETHESDA, Md. — Paul Ormond has stepped down as chairman, president and CEO of skilled nursing and assisted living provider HCR ManorCare. Steve Cavanaugh, the company’s executive vice president and chief operating officer, was appointed to fill the roles of president and CEO.
AUSTIN, Texas, and GLEN ELLYN, Ill. — Private equity firm Thrive FP has acquired two memory care communities, Autumn Leaves of Northwest Austin in Austin and Autumn Leaves of Glen Ellyn in Glen Ellyn, for an undisclosed price.
BRUSH, Colo. — OZ Architecture has launched its design plan for phases two through four of the Eben Ezer Lutheran Care Center in Brush, located approximately 90 miles northeast of Denver. The new phases are part of a 10-step master plan for redesigning the 100-year-old care center.
The oncoming demographic wave of seniors won’t be able to pay current prices
BOCA RATON and ORLANDO, Fla. — Kayne Anderson Real Estate Advisors has completed its acquisition of Sentio Healthcare Properties, which includes a portfolio of 33 seniors housing communities and medical office buildings in 16 states.
SHELBURNE, Vt. — Ziegler, a specialty investment bank, has arranged $67.1 million in bond financing for Wake Robin, a continuing care retirement community in Shelburne, located along Lake Champlain just south of Burlington.
OHIO and PENNSYLVANIA — Evans Senior Investments has arranged the sale of a 23-facility skilled nursing portfolio in Ohio and Pennsylvania for $94 million.
CLEVELAND — KeyBank Real Estate Capital has originated a $128 million term loan for a 13-property skilled nursing portfolio acquisition by a joint venture led by BlueMountain Capital Management.
CHICAGO and KANSAS CITY, Mo. — CBRE has arranged acquisition financing for four seniors housing communities totaling 440 units in Chicago and Kansas City. The amount of the loan was not disclosed.
VISALIA, Calif. — Living Care Lifestyles has broken ground on Quail Park at Shannon Ranch, a 120-unit independent living and memory care community in Visalia, located in the San Joaquin Valley midway between Los Angeles and San Francisco.