IRVINE, Calif. and SAN FRANCISCO — HCP (NYSE: HCP), one of the largest healthcare REITs in the United States, has promoted Tom Herzog from chief financial officer to CEO and Justin Hutchens from chief investment officer to president.
DALLAS — Senior Quality Lifestyles Corporation (SQLC), a nonprofit seniors housing developer and operator based in Dallas, has announced its plans to purchase Seniority Inc., an operator and marketing, sales and consulting firm currently owned by fellow nonprofit operator American Baptist Homes of the West (ABHOW).
AZLE, Texas — Civitas Senior Living has unveiled plans for Legacy Oaks at Azle, a 200-unit independent living and assisted living community in the Dallas-Fort Worth suburb of Azle.
NEWNAN, Ga. — Westminster Memory Care has planned a new, $10 million memory care community in the Atlanta suburb of Newnan.
Harborview Capital Partners Closes $10.6M HUD Refinancing for Assisted Living Community in Minnesota
ST. PAUL, Minn. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $10.6 million refinancing for an undisclosed, 115-bed assisted living community in St. Paul.
Modern, flexible architecture displaces Victorian look of ‘grandma’s house’ and fosters more community interaction, particularly in infill markets
As prices slide from the peak, appraisers see cap rates widen between Class A properties and lower-quality assets
Successful entrepreneurs seeking to change seniors’ lives learn success comes slowly and often at great sacrifice
Feds delay permanent continuation of ‘immigrant investor’ program until December
From constructing ammunition factories during WWII to helping invent the CCRC model, The Weitz Company has a rich history predating the Civil War