DOTHAN, Ala. — Methodist Homes of Alabama & Northwest Florida has completed $9 million in new construction and rehabilitation at Wesley Place at Honeysuckle in Dothan, located in the southeast corner of Alabama near the Florida panhandle.
SPANISH FORT, Ala. — Acts Retirement-Life Communities Inc. has affiliated with Presbyterian Retirement Corp., which owns and operates Westminster Village, a 341-unit continuing care retirement community in Spanish Fort, located just across the bay from Mobile.
NEW YORK CITY — Allegiant Real Estate Capital and Greystone & Co. Inc. have announced a partnership to collectively pursue commercial real estate lending opportunities in skilled nursing and multifamily products throughout the United States.
Kai Hsiao, who joined HCP Inc. in May 2016 as executive vice president of senior housing properties, will leave the company within the next few months “to return to his operating roots,” CEO Thomas Herzog announced Tuesday during an earnings call highlighting first-quarter results.
BLUE ASH, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Blue Ash Care Center, a 64-bed skilled nursing facility in the Cincinnati suburb of Blue Ash, for $4 million.
HOUSTON — Five Star Senior Living has completed the construction of Bridge to Rediscovery, a memory care expansion at The Forum at Memorial Woods in Houston.
LAKELAND, Fla. — Senior Living Investment Brokerage has arranged the sale of an independent living community in the Tampa suburb of Lakeland for $3.3 million.
BELTON, HEWITT and COPPERAS COVE, Texas — Evans Senior Investments (ESI) has arranged the sale of three central Texas assisted living and memory care communities for $45 million, or $204,000 per unit.
ALEXANDRIA, Va. — Argentum’s Board of Directors has elected Tom Grape, chairman and chief executive officer at Benchmark Senior Living, to serve on its board. Grape was a founder of both Benchmark and Argentum (at the time known as the Assisted Living Federation of America) and has previously served as chairman of the board.
SAUK RAPIDS, Minn. — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has provided a $2.4 million recapitalization for Good Shepherd Apartments, an elderly housing community located in Sauk Rapids, approximately 70 miles northwest of Minneapolis.