TOLEDO, Ohio — Health Care REIT, Inc. (NYSE: HCN) has priced its underwritten public offering of 17 million shares of common stock at $75.50 per share. HCN granted the underwriters an option to purchase up to an additional 2.5 million shares during the next 30 days.
SANTA BARBARA, Calif. — Yardi has released its new Yardi Senior CRM product, a customer relationship management software built into the Yardi Voyager Senior Housing platform and integrated with all the Yardi Senior Living Suite products.
Maintaining viable health under increasing pressures By Martin Cauz Nursing care facilities need to have the necessary human and financial capital to deliver the highest quality of care to residents. To say that nursing care facilities in the United States are currently facing tremendous financial pressures would be an understatement.
COLUMBUS, Ohio — Lancaster Pollard has hired Doug Korey as president of its recently launched finance company, Lancaster Pollard Finance Co., LLC. Korey will lead the national effort to expand the firm’s balance sheet financing products.
TOLEDO, Ohio — Health Care REIT, Inc. (NYSE:HCN) has announced, based on investments closed thus far in the first quarter and potential investments with preliminary documentation, anticipates completing approximately $2.2 billion of investments in the first quarter of 2015.
URBANDALE, Iowa — Oak Grove Capital, a Minnesota-based lender, has concluded a $3.6 million refinance of Senior Suites of Urbandale, a 63-unit assisted living coplex in Urbandale, Iowa.
CHARLOTTE, N.C. —Lancaster Pollard’s recently launched finance company has provided a $5.3 million balance sheet loan to fund Meridian Senior Living’s acquisition of Lawyer’s Glen Retirement Living Center.
BOSTON —Cushman & Wakefield Senior Housing Capital Markets has arranged $49.6 million in construction financing and joint venture equity for two LCB Senior Living housing developments in New England.
DENVER —MorningStar Senior Living has broken ground on two new assisted living and memory care communities in Wheat Ridge, Colo., and Albuquerque, N.M.
THE WOODLANDS, Texas — Kensington Realty Advisors, an investment manager based in Chicago, and SEDCO Capital have jointly acquired The Village at the Woodlands Waterway for an undisclosed price.