Development

HJ Sims Arranges $54.2M Financing for CCRC Campus Expansion in Iowa

by Jeff Shaw February 6, 2019

AMES, Iowa — HJ Sims has arranged a $54.2 million financing package for the expansion and repositioning of Northcrest Community, a continuing care retirement community (CCRC) in Ames, approximately 35 miles north of Des Moines.

February 6, 2019

Development News

MorningStar, Confluent Open 71,000 SF Community in Santa Fe

by Jeff Shaw February 6, 2019

SANTA FE, N.M. — Co-developers MorningStar Senior Living and Confluent Senior Living have opened MorningStar Assisted Living & Memory Care of Santa Fe.

February 6, 2019

Development News

Phoenix Senior Living Breaks Ground on 43-Unit Community in Camden, South Carolina

by Jeff Shaw February 6, 2019

CAMDEN, S.C. — Phoenix Senior Living has broken ground on The Colonial at Historic Camden, a seniors housing community in Camden, approximately 30 miles northeast of Columbia.

February 6, 2019

CCRC Development News

San Francisco Campus for Jewish Living Opens Preview Center for $140M Expansion

by Jeff Shaw February 5, 2019

SAN FRANCISCO — San Francisco Campus for Jewish Living (SFCJL), a continuing care retirement community in San Francisco, has opened a preview center at its 190-unit Frank Residences expansion.

February 5, 2019

Development Finance KeyBank News

KeyBank, Cain Brothers Secure $27.8M in Financing for Affordable Development in Indiana

by Jeff Shaw February 5, 2019

MISHAWAKA, Ind. — KeyBank Real Estate Capital and Cain Brothers have secured financing for the construction of Hellenic Senior Living of Mishawaka, an affordable assisted living facility in Mishawaka, located just east of South Bend near the Michigan border.

February 5, 2019

Development News

Caddis to Build 99-Unit Heartis Community in Pennsylvania

by Jeff Shaw February 5, 2019

YARDLEY, Pa. — Dallas-based developer Caddis has announced plans for Heartis Yardley, a 99-unit assisted living and memory care community in Yardley, just across the state border from Trenton, N.J.

February 5, 2019

CCRC Development Finance News

SunTrust Provides $35M in Financing for CCRC Development in Georgia

by Jeff Shaw February 4, 2019

ATHENS, Ga. — SunTrust has provided $35 million in financing to support the development of Presbyterian Village Athens in Athens.

February 4, 2019

Development News

Evergreen Real Estate Group Opens Combination Library, Seniors Housing Project in Chicago’s Irving Park

by Jeff Shaw February 4, 2019

CHICAGO — Evergreen Real Estate Group has opened Independence Branch Library in Chicago’s Irving Park neighborhood.

February 4, 2019

Development News

Clearwater Living Starts Construction of New Community within Mixed-Use Development in Reno

by Jeff Shaw February 4, 2019

RENO, Nev. — Clearwater Living, in partnership with Goldman Sachs, has started construction of Clearwater at Rancharrah, an assisted living and memory care community.

February 4, 2019

Development News

Watercrest Plans 107-Unit Community in Macon, Georgia

by Jeff Shaw February 4, 2019

MACON, Ga. — Watercrest Senior Living Group will continue its Southeastern expansion with a 107-unit senior living community in Macon.

February 4, 2019

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