Development

Industry Reinvents Luxury Housing

by Jeff Shaw September 12, 2018

From butlers to spas to fine dining, operators put emphasis on service, but shouldn’t assume all customers want the same amenities.

September 12, 2018

Development News

ZOM Senior Living, Liberty Senior Living Acquire 46 Acres in Florida for $180M Development

by Jeff Shaw September 12, 2018

WELLINGTON, Fla. — ZOM Senior Living, in a venture with Liberty Senior Living, has acquired a 46-acre lakefront site in Wellington, a village in Palm Beach County. The companies plan to build a $180 million, multi-phase, mixed-use seniors housing community on the plot.

September 12, 2018

CCRC Development News

Presbyterian Homes of Georgia Breaks Ground on 229-Unit CCRC in Athens, Georgia

by Jeff Shaw September 12, 2018

ATHENS, Ga. — Presbyterian Homes of Georgia has broken ground on Presbyterian Village Athens, which the developer claims will be the first continuing care retirement community (CCRC) in Athens.

September 12, 2018

Development News

NRP Group Opens 62-Unit Mixed-Income Community in Cuyahoga Falls, Ohio

by Jeff Shaw September 12, 2018

CUYAHOGA FALLS, Ohio — A public-private partnership between The NRP Group and the City of Cuyahoga Falls has opened Brookside Residences, a mixed-income seniors housing community in Cuyahoga Falls, a suburb of Akron.

September 12, 2018

Development Finance News

Love Funding Arranges $20.1M Construction Loan for Assisted Living Facility in Alaska

by Jeff Shaw September 10, 2018

ANCHORAGE, Alaska — Love Funding has arranged a $20.1 million bridge loan for the construction of Baxter Senior Living, an assisted living community in Anchorage.

September 10, 2018

Development News

Mission Senior Living Breaks Ground on $8M Community in Nevada

by Jeff Shaw September 5, 2018

MESQUITE, Nev. — Mission Senior Living has broken ground on Mesa Valley Estates Assisted Living and Memory Care, a 78-unit community in Mesquite, near the Utah and Arizona borders.

September 5, 2018

Development News

Spectrum Retirement Receives Approval for 162-Unit Community in Algonquin, Illinois

by Jeff Shaw September 5, 2018

ALGONQUIN, Ill. — The Village of Algonquin Trustees has approved the development of Algonquin Senior Living, a 162-unit seniors housing community. The village is located approximately 45 miles northwest of Chicago.

September 5, 2018

Development News Skilled Nursing

USDA Provides $34M Funding for 240-Bed Skilled Nursing Facility in Pennsylvania

by Jeff Shaw September 4, 2018

COLLEGE TOWNSHIP, Pa. — The U.S. Department of Agriculture has approved a $34 million direct loan commitment for development of Centre Care Health Center in College Township.

September 4, 2018

Development Finance News

Red Stone Provides $20.2M Bond Financing to Rehabilitate Two Affordable Communities in Rensselaer, New York

by Jeff Shaw August 31, 2018

RENSSELAER, N.Y. — Red Stone Tax-Exempt Funding LLC has provided $20.2 million in tax-exempt bonds for the rehabilitation of two affordable seniors housing communities in Rensselaer, located just across the Hudson River from downtown Albany.

August 31, 2018

Development Finance News

SunTrust, Ziegler Arrange $71M Loan for Quality Life Services Expansion in Pennsylvania

by Jeff Shaw August 30, 2018

BUTLER, Pa. — SunTrust has served as joint lead arranger and Ziegler as placement agent for a $71 million refinancing for Quality Life Services. The Butler-based healthcare services company will use the funds for an expansion of its communities, which include skilled nursing facilities and continuing care retirement communities (CCRC).

August 30, 2018

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