LOUISVILLE, Ky. — Strawberry Fields REIT LLC has acquired Parkway Rehabilitation and Nursing Center, a 252-bed skilled nursing facility in Louisville, for $21.8 million.
SEASIDE HEIGHTS, N.J. — The Walters Group has started construction of Cornerstone at Seaside, an age- and income-restricted apartment community in Seaside Heights, a coastal borough southeast of Trenton.
KNOXVILLE, Tenn. — Josh Crisp, former vice president for Tennessee-based developer Dominion Senior Living, has launched a new seniors housing owner-operator named Solinity.
NEW YORK CITY — Monticello Asset Management LLC has hired Steven Caligor as senior managing director, where he will be responsible for product development, expanding banking relationships, and assisting with credit and risk management.
CHICAGO — CBRE has arranged an undisclosed amount of financing for the construction of Belmont Village Lincoln Park, a 149-unit assisted living and memory care community in the Chicago submarket of Lincoln Park.
SANDUSKY, Ohio — United Church Homes has broken ground on the addition of 44 independent living cottage homes and a community center at Parkvue Community, an independent living, assisted living and skilled nursing community in Sandusky.
PRINCETON, N.J. — Solvere Senior Living has signed management contracts for five communities in Florida, Texas and Virginia. The company is teaming with local and regional developers and investors near each property.
OHIO — Lancaster Pollard has arranged the sale of two skilled nursing facilities in Ohio. Mozart Healthcare acquired the properties from a nonprofit company looking to reduce its skilled nursing presence.
ATLANTA — By offering paid internships, educational programs, community events and flexible hours, seniors housing leaders hope to combat the well-documented labor shortage and entice younger workers. There simply aren’t enough employees to keep up with the pace of development, and the industry is plagued by high turnover rates as well.
PAWLEYS ISLAND, S.C. — SunTrust Bank has provided $11.3 million in construction financing to Ridge Care Senior Living. The capital will be used to build Arbor Landing at Pawleys, an assisted living and memory care community in the coastal town of Pawleys Island.