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.
CULPEPER, Va. — LifeSpire of Virginia has received an $18 million loan from SunTrust Bank for the expansion of The Culpeper, a continuing care retirement community (CCRC) in Culpeper, approximately 70 miles southwest of Washington, D.C.
NEWPORT BEACH, Calif. — Clearwater Living, a Newport Beach-based operator, has been selected to provide management services for The Wolff Company’s 18-community independent living platform located throughout the West.
Historically, seniors housing owners and operators seeking expansion follow a process: secure a market study, look at demand and penetration rates and either pull the trigger on a project/acquisition or walk away.
IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has agreed to acquire a 49 percent equity interest in entities that collectively own 183 seniors housing communities, all of which are operated by Enlivant. The transaction values the portfolio at $1.62 billion and Sabra’s investment at $371 million.
DETROIT — Pillar Financial, a division of SunTrust Bank, has originated a $4.8 million HUD Interest Rate Reduction Program (IRRP) loan to refinance Delta Manor, an affordable seniors housing property in downtown Detroit.
LAKE OSWEGO, Ore. — Anthem Memory Care has named Shannon Gutierrez as national vice president of operations and James Altrichter as national vice president of clinical services.
RICHMOND, Va. — LifeSpire of Virginia has elected Dr. Valerie Carter as the newest member of its Board of Trustees.
Architects and developers explore housing options that are affordable without government assistance.
Their experimentation with everything from technology to product mix could have a profound effect on the senior living industry.