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.
OCEAN GROVE, N.J. — Institutional Property Advisors (IPA) has arranged the sale of Francis Asbury Manor, a 131-unit assisted living facility in Ocean Grove, a coastal community adjacent to Asbury Park.
MACUNGIE and PALMERTON, Pa. — A joint venture between Care Investment Trust LLC and Inspirit Senior Living has acquired The Villages at Palmerton in Palmerton and The Willow in Macungie for $13 million.
BIRMINGHAM, Ala. — A joint venture between multiple companies has broken ground on The Bluffs at Greystone, a 132-unit independent living, assisted living and memory care community in Birmingham.
PHILADELPHIA — Healthcare Transactions Group Inc. has arranged the sale of the operations of an eight-location, 1,906-bed skilled nursing portfolio in Pennsylvania.
NEW YORK CITY — New York-based Monticello Asset Management, through one of its investment vehicles, has provided $69.3 million in acquisition financing for a four-property skilled nursing portfolio in Massachusetts.
NEW YORK CITY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $7 million Fannie Mae cash-out refinance loan for a 69-unit assisted living facility located in Central Georgia.
BRENTWOOD, Tenn. — Zhonghong Zhuoye Group Co. Ltd., a Chinese real estate investor, has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living (NYSE: BKD), according to a report by news agency Reuters, which cited people familiar with the matter.
LOS ALTOS, Calif. — ABHOW will cut the ribbon next week on a $100 million expansion at The Terraces at Los Altos, a continuing care retirement community in Los Altos, which is located between San Jose and San Francisco.
Lynne Katzmann has a simple mandate for the seniors housing industry: we must cooperate between companies in order to improve overall performance. This goes for all stakeholders in the industry, including the technology providers and related healthcare services.