DAPHNE, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the $12.3 million sale of Eastern Shore Rehabilitation & Health Center, a 117-bed skilled nursing facility in Daphne, located directly across Mobile Bay from Mobile.
FORT COLLINS, Colo. — Real Estate Equities Development has announced its plans to build Village Cooperative of Fort Collins, an age-restricted community in Fort Collins, approximately 65 miles north of Denver.
Developers, contractors struggle to meet construction schedules and avoid cost overruns
Recognizing a golden opportunity to expand its relationship with borrowers in the growing seniors housing industry, BMO Harris Bank launched a U.S. commercial real estate healthcare lending platform in March.
PLEASANT PRAIRIE, Wis. — Senior Lifestyle Corp. has cut the ribbon on The Addison of Pleasant Prairie, a 100-unit assisted living and memory care community in Pleasant Prairie, located on the Illinois border approximately midway between Chicago and Milwaukee.
PROSPECT HEIGHTS and BURR RIDGE, Ill. — Brookdale Senior Living, the largest owner/operator of seniors housing in the U.S., has announced a $4 million memory care conversion at its communities in the Chicago suburbs of Prospect Heights and Burr Ridge.
EUGENE, Ore. — FollettUSA has purchased Summer Oaks, a 102-home 55+ mobile home park in Eugene, for $10.4 million. The seller was Zacorn LLC.
SHAWNEE, Kan. — Real Estate Equities Development, a Minnesota-based development and management firm, has opened Village Cooperative of Shawnee, a 53-unit community for seniors in the Kansas City suburb of Shawnee.
IRVINE, Calif. — HCP (NYSE: HCP) has re-hired Tom Herzog as the company’s chief financial officer, a position he held from 2009 to 2011. Herzog will also be an executive vice president with the company.
CARLSBAD, Calif. — Collette Valentine, the chief operating officer and chief operating officer of Integral Senior Living (ISL), a senior living management company based in Carlsbad, has been named to the Board of Argentum. She will serve a three-year term for the seniors housing trade association formerly known as the Assisted Living Federation of America (ALFA).