VISTA, Calif. — CareTrust REIT Inc. (NYSE: CTRE) has completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility in Vista, approximately 40 miles north of San Diego. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities (a current tenant of CareTrust) pursuant to a new 15-year lease. To acquire the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture. CareTrust’s combined common equity and preferred equity investments in the joint venture total …
ARIZONA — Capital Funding Group (CFG) has provided a $15.5 million refinancing for a 118-bed skilled nursing facility in Arizona. The transaction represents converting a bridge loan, which CFG also provided, into HUD financing. Through this transaction, CFG also refinanced an additional debt associated with a full-facility remodel the borrower completed prior to submitting to HUD. Further details on the property and borrower were not disclosed. CFG’s Tommy Dillon originated the transaction.
DES MOINES, Iowa — LCS, the nation’s third-largest senior living operator, has announced the promotion of Bridgette Uhlemann to senior vice president and general counsel at the Des Moines-based company. Uhlemann joined LCS in 2015 as a corporate governance manager. Since then, she has assumed responsibility and oversight for LCS legal affairs, including corporate governance, contract law, public policy, and corporate and regulatory compliance. Uhlemann directs the overall delivery of legal and compliance services to the organization, including in-house attorneys, compliance analysts and outside legal counsel. Her leadership was instrumental …
NATICK and MILLIS, Mass. — Anthology Senior Living has opened Anthology of Natick and Anthology of Millis, both located in western suburbs of Boston. Anthology of Natick is situated within a mile of the Natick Center, offering art, culture, dining and shopping for residents. The property is also next door to the Natick Community Senior Center. Anthology of Millis is located near neighboring downtown Medfield and the Charles River, providing easy access to both nature and cultural amenities. Located just outside the city center on 5.5 acres, Anthology of Natick …
FLOWER VALLEY, India — Priya Living has launched its first community in India — Priya Living Flower Valley (PLFV). The community is located in Flower Valley, an upscale township just south of Gurgaon, in the Delhi metro area. Designed for aging expatriates who want to spend at least part of the year in India, the community is also expected to appeal to older adults in India who want an alternative style of seniors housing. “We know that the diaspora wants to spend time in India as they age and come …
CHARLESTON and HANAHAN, S.C. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Ashley River Healthcare, a 125-bed skilled nursing facility in Charleston, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility in Hanahan. These acquisitions were effective Sept. 1, and will be subject to a long-term, triple-net lease. “These buildings present a great geographical and strategic fit within this particular market,” says Barry Port, Ensign’s CEO. These acquisitions bring Ensign’s portfolio to 295 healthcare operations, 26 of which also include senior living operations, across …
DENVER — Ascent Living Communities has hired Amelia Schafer as area director of memory care. Schafer is a gerontology expert with 20 years of experience working across a wide range of Alzheimer’s and dementia education, program development, care and service delivery. She will oversee the implementation of resident care programs ranging from mild cognitive impairment with assisted living residents, to comprehensive memory care operations across Ascent’s four Colorado senior living communities. Throughout her two decades of work with the Alzheimer’s Association, Schafer led the professional education division, including the development …
LADY LAKE, Fla. — Resort Lifestyle Communities has opened Pebble Springs, a 128-unit independent living community in Lady Lake, approximately 50 miles northwest of Orlando. Apartments are available in studio, one-, two and three-bedroom layouts. “Our research revealed a substantial demand for high-quality independent senior living communities in the Lady Lake area,” says Steve Mueller, chief operating officer of Resort Lifestyle Communities.
EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired Valor HospiceCare, which provides skilled hospice services in Tucson, Green Valley, and Sierra Vista, Arizona. “We are pleased to expand our operations in the state of Arizona, complementing our Emblem Hospice and Agape Hospice agencies in Tucson and Green Valley, and expanding into Sierra Vista with Valor HospiceCare,” says Brent Guerisoli, CEO of Pennant.
HOUSTON — Sagora Senior Living has rebranded its Elison Willowbrook independent living community in Houston as Elison Park. The community is located within the Willowbrook Plaza area of the city. The property offers one- and two-bedroom options ranging from 616 to 924 square feet.