“What do you think the consumer of 2022 or 2027 is going to want as far as technology or amenities?” That was the opening question posed to participants on the “State of the Industry” panel at InterFace Seniors Housing Midwest.
ORLANDO, Fla. — Walker & Dunlop Inc. has structured a $6.9 million loan for William Booth Towers, an age-restricted, Section 8 apartment community in Orlando.
RICHMOND, Va. — Virginia United Methodist Homes Inc., a faith-based owner-operator of seven seniors housing communities in Virginia, has changed its name to Pinnacle Living.
SAN DIEGO — PSRS has arranged $2.6 million in acquisition financing for Melroy Investments, which will use the funds to purchase a three-story, 26-unit seniors housing community in San Diego’s North Park neighborhood.
DOTHAN, Ala. — Methodist Homes of Alabama & Northwest Florida has hired Patrick Davies as the executive director of Wesley Place on Honeysuckle, a skilled nursing facility in Dothan, located in the southeast portion of the state near the Florida and Georgia borders.
SEATTLE and VANCOUVER, Wash. — Columbia Pacific Advisors, a real estate investment fund manager, has agreed to acquire Hawthorn Retirement Group, a seniors housing owner-operator, for an undisclosed price.
OVERLAND PARK, Kan. — HJ Sims has arranged $6.3 million in pre-development bond financing to expand Village Shalom, a continuing care retirement community (CCRC) in the Kansas City suburb of Overland Park.
NEW YORK CITY — Monticello Asset Management LLC has provided $34.1 million in financing to Elener Associates LLC and W Management Group, which will use the funds to acquire a 256-bed skilled nursing facility in New York.
SACRAMENTO, Calif. — Avanath Capital Management LLC, an institutional fund manager that specializes in affordable and workforce housing investments, has acquired a three-property affordable housing portfolio in Sacramento for $56.5 million.
WEST POINT, Pa. — Acts Retirement-Life Communities has appointed Gerald Grant as the company’s president and CEO. Grant was already serving as the interim CEO following the unexpected passing of his predecessor, Mark Vanderbeck, in May.