SALEM, N.H. — Developer and operator LCB Senior Living has broken ground on The Residence at Salem Woods, a seniors housing community to be located at 6 Sally Sweets Way in Salem.
Higher income seniors are now more likely to occupy seniors housing in their elderly years than those with moderate and low incomes, according to a study conducted by the National Association of Real Estate Investment Trusts (NAREIT).
NEW YORK — Mortgage broker Berkadia has arranged $93.2 million in financing over two separate transactions for ROC Seniors Housing Fund Manager LLC.
CINCINNATI — Financial advisory firm Ernst & Young LLP has named Zeke Turner, CEO of Indiana-based skilled nursing developer Mainstreet, an Entrepreneur of the Year for the Ohio Valley region.
GLEN ELLYN, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two communities in Atlanta and one in Indiana in two separate transactions for a total price of $25 million.
COOPER CITY, Fla. — Senior Lifestyle Corporation has broken ground for The Sheridan at Cooper City, a 111-unit assisted living and memory care community in Cooper City. The development will be located at the corner of Sheridan Street and Pine Island Road.
PLEASANTON, Calif. — Ziegler, a specialty investment bank, has arranged $52 million in financing for American Baptist Homes of the West (ABHOW).
OAKLAND, Calif. — A joint venture of Community Preservation Partners LLC and Related Affordable LLC has acquired Northgate Terrace, a 201-unit affordable seniors housing community in Oakland, for $27.5 million.
SHORELINE, Wash — Investment banking firm Evans Senior Investments (ESI) has arranged the sale of Shoreline Health and Rehab, a skilled nursing facility in the Seattle suburbs, for $6.6 million.
DALLAS — Edgemere, a nonprofit continuing care retirement community (CCRC) in Dallas developed and operated by Senior Quality Lifestyles Corporation, is slated for $36 million in renovations and expansion.