NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell 44 of its seniors housing communities for a total sales price of $252.5 million. The buyer and specific properties were not disclosed.
BATON ROUGE, La. — Community Development Inc. has opened Cypress Springs, a 144-unit affordable seniors housing community in Baton Rouge.
DANVILLE, Va. — Commonwealth Assisted Living has agreed to acquire Stratford House, an assisted living community in Danville, for an undisclosed price. Danville is located on the southern edge of Virginia along the North Carolina border.
Adoption of electronic health records in assisted living can be disruptive, but results in better care for residents
JACKSONVILLE, Fla. — Vestcor Communities has broken ground on HarborChase of Mandarin, a 114-unit independent living, assisted living and memory care community in the Mandarin submarket of Jacksonville.
COLUMBUS, Ohio — Columbus-based financial services company Lancaster Pollard has hired Doug Harper and Casey Moore as managing directors of agency finance, and Joe Munhall as director of syndicated credit. All three hires come from Berkeley Point Capital where they served in similar capacities.
MINNETONKA, Minn. — Real estate developer United Properties has broken ground on Cherrywood Pointe of Minnetonka, a 100-unit independent living, assisted living and memory care community in the Minneapolis suburb of Minnetonka.
WICHITA, Kan. — Legend Senior Living has hired Jason Freewalt as the company’s new vice president of operations. He will oversee the day-to-day operations of Legend’s nearly 20 locations in Colorado, Kansas and Oklahoma.
CHESTERFIELD, Va. — SunTrust Bank has provided $21.2 million in financing to add independent living cottages and home healthcare services to Lucy Corr Village, a continuing care retirement community (CCRC) in the Richmond suburb of Chesterfield.
PORT ST. LUCIE, Fla. — Watercrest Senior Living Group has announced plans to construct Watercrest of St. Lucie West Assisted Living and Memory Care Community, a 128-unit seniors housing community in Port St. Lucie, located along the east coast of Florida midway between Orlando and Miami.