RED Mortgage Capital LLC, the mortgage lending arm of capital provider RED Capital Group, has completed an $11.4 million HUD-insurance refinancing of a balance sheet bridge loan to complete two acquisitions for Livewell Senior Living in Florida.
SAN FRANCISCO — Aging2.0, an international organization working to improve technology that supports seniors, has launched the Aging2.0 Alliance, a new membership community for senior care stakeholders and technology companies. The announcement was made at the 2015 National Investment Center (NIC) Capital and Business Strategies Forum in San Diego.
CLIVE, Iowa — In response to a growing workforce shortage facing the aging services and long term supports and services (LTSS) industry, Merit Senior Living will host an inaugural Senior Living Executive Forum, called Convergence, to take place Friday, April 10 in Clive.
ACWORTH, Ga. — Construction will begin April 3 on Celebration Village Acworth with plans to open the 16.5 acre seniors housing community in May 2016. The community includes 114 independent living apartments, 44 apartment homes, 55 assisted living units and 31 memory care apartments.
HUNT VALLEY, Md. and CHICAGO — Omega Healthcare Investors Inc. (NYSE:OHI) has completed its acquisition of all the outstanding shares of Aviv REIT Inc. (NYSE:Aviv), forming a combined real estate investment trust with equity market capitalization of approximately $7.8 billion and a total market capitalization of approximately $11.1 billion.
MOUNT VERNON, Wash. — Evans Senior Investments, a seniors housing investment banking firm, has facilitated the sale of Mira Vista Care Center, a skilled nursing facility in Mount Vernon, for $9.125 million.
BLOOMINGTON, Minn. — Oak Grove Capital has closed a $25.5 million refinancing loan for Martin Luther Campus, a 250-unit seniors housing complex in Bloomington.
ATLANTA— AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a provider of senior living and healthcare facility management, continues its transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, with 35 of the company’s 40 properties leased or sub-leased. As a result, the company’s board of directors declared a cash dividend on the common stock. The company also announced changes to the board of directors and a the hiring of a new chief financial officer.
HIXSON, Tenn. — Dominion Senior Living has planned construction on a 47,000-square-foot, $8 million assisted living and memory care senior living community. Dominion acquired the property from Abba’s House and the church will be a partner.
WHEATON, Ill. — As advisor to a venture between Westminster Capital and LCS, Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of Wyndemere, a 432-unit entrance fee continuing care retirement community (CCRC) located in Wheaton, an affluent suburb of Chicago.