MIAMI — Philip Esformes, owner of the Esformes Network of more than 30 Miami-area skilled nursing and assisted living communities, has been charged with conspiracy, obstruction, money laundering and healthcare fraud in connection with a $1 billion Medicare scam.
WALNUT CREEK, Calif. — JCH Seniors Housing Group has brokered the $1 million sale of Heatherwood Alzheimer’s Assisted Living, a 32-bed memory care community in Walnut Creek, located approximately 25 miles northeast of San Francisco.
NEW YORK CITY — Capital Funding Group has arranged a $19.1 million bridge-to-HUD loan and $3 million in working capital for Hudson Pointe Nursing and Rehabilitation Center, a 167-bed skilled nursing facility in the Bronx.
NEWBURYPORT, Mass. — Nauset Construction has broken ground on Port Healthcare Center, a 123-bed skilled nursing facility in Newburyport, approximately 40 miles north of Boston.
FAIRVIEW, Texas — Greystar has started construction of Overture Fairview, a 195-unit luxury community for residents over 55 years of age in Fairview, approximately 30 miles north of Dallas.
MANCHESTER TOWNSHIP, N.J. — Popular Community Bank has provided a total of $23.5 million in financing for AristaCare, a New Jersey-based owner and operator of skilled nursing facilities.
SOUTH ELGIN, JONESBORO and MACOMB, Ill. — Pillar, a multifamily and healthcare lender, has originated $9.9 million in loans to refinance three skilled nursing facilities in Illinois.
TINLEY PARK, Ill. — Anthem Memory Care has opened its ninth community, Porter Place, in Tinley Park, approximately 30 miles southwest of Chicago.
OKLAHOMA CITY — The Oklahoma City office of CBRE has arranged the sale of a six-building, 427-bed skilled nursing portfolio throughout the state of Oklahoma for an undisclosed price.
NEWPORT, Tenn. — Senior Living Investment Brokerage has arranged the sale of Brookdale Newport, a 42-unit assisted living and memory care community in Newport, approximately 50 miles east of Knoxville.