KEARNEY, Neb. — Agemark Corp. has named Susie Peterson the executive director of CountryHouse Residence for Memory Care in Kearney, located approximately 180 miles west of Omaha.
NEWTON, Mass. — Senior Housing Properties Trust (NYSE: SNH) has acquired seven seniors housing communities from Five Star Quality Care (NYSE: FVE) for $112.4 million. Five Star will continue to operate the communities as as part of the sale-leaseback deal.
HARTFORD, Conn. and PLANO, Texas — Cornerstone Real Estate Advisers has agreed to acquire ACRE Capital Holdings LLC, the agency lending subsidiary of Ares Commercial Real Estate Corp. (NYSE: ACRE). The $93 million transaction could close as early as the third quarter of this year.
THOUSAND OAKS, Calif., and SCOTTSDALE, Ariz. — CBRE has arranged $80 million in financing for a joint venture between Blue Moon Capital Partners and Belmont Village Senior Living.
HENDERSONVILLE, Tenn. — Ryan Cos. US Inc. and LCS have announced plans to build Clarendale of Hendersonville, a $40 million independent living, assisted living and memory care community in the Nashville suburb of Hendersonville.
UPPER ST. CLAIR, Penn. — Lifespace Communities, an Iowa-based operator, has named Bryan Welty as executive director of Friendship Village of South Hills, a continuing care retirement community in the Pittsburgh suburb of Upper St. Clair.
MASON CITY, Iowa — Anchor Housing Development has completed construction of Legacy Manor of Mason City II, a 48-unit affordable seniors housing community, in Mason City, approximately 120 miles north of Des Moines.
The U.S. economy may be stuck in low gear, but tactical and targeted growth strategies can produce outsized returns in the seniors housing space, according to a panel of property owners and operators who spoke during France Media’s InterFace Seniors Housing Midwest conference. The event, which took place June 21 at The Westin Chicago River North hotel, attracted 265 attendees from the seniors housing industry.
COLUMBUS, Ohio — Lancaster Pollard has arranged both the sale of and acquisition financing for Columbus West Park Nursing and Rehabilitation Center, a 100-bed skilled nursing facility in Columbus’ Westgate neighborhood.
MOBILE, Ala. — Somerby Senior Living, a Birmingham-based owner/operator, has broken ground on a fitness and wellness center at Somerby of Mobile, the company’s continuing care retirement community in Mobile.