Development

Medical Development Partners Breaks Ground on $10M Memory Care Community in Arizona

by Jeff Shaw June 6, 2017

CHANDLER, Ariz. — Medical Development Partners has broken ground on Parkland Memory Care, a 56-unit memory care community in Chandler.

June 6, 2017

Development Memory Care News

Casa Solace Receives $7M Construction Loan for Memory Care Facility in Houston

by Jeff Shaw June 5, 2017

HOUSTON — Casa Solace Memory Care has received a $7 million construction loan for a new memory care facility on Space Center Boulevard in Houston.

June 5, 2017

Development News

Brandywine Plans Luxury Expansion at Community in New Jersey

by Jeff Shaw June 5, 2017

MOORESTOWN, N.J. — Brandywine Living has announced plans to add a wing of its “Serenade” luxury offerings at Moorestown Estates, an existing community in Moorestown, just east of Philadelphia.

June 5, 2017

CCRC Development Finance News

Graceworks Raises $81M in Bonds for Repositioning, Refinancing

by Jeff Shaw June 2, 2017

CENTERVILLE, Ohio — Graceworks Lutheran Services, a nonprofit continuing care retirement community located in the Dayton suburb of Centerville, has completed an $81 million bond refinancing to restructure its debt and renovate the campus.

June 2, 2017

CCRC Development News

Presbyterian Senior Living Begins Construction of $10M Expansion in Pennsylvania

by Jeff Shaw June 2, 2017

PHILIPSBURG, Pa. — Presbyterian Senior Living has broken ground on a $10 million expansion at Windy Hill Village, a continuing care retirement community (CCRC) in the Central Pennsylvania town of Philipsburg.

June 2, 2017

CCRC Development Finance News

Sims Secures $98M for Refinancing, Expansion of CCRC in Pennsylvania

by Jeff Shaw June 1, 2017

LANCASTER, PA. — HJ Sims has secured $98 million in financing for Brethren Village, a continuing care retirement community in Lancaster.

June 1, 2017

Development News

Big Rock Partners Tops Off $82M Seniors Housing Project in Celebration, Florida

by Jeff Shaw June 1, 2017

CELEBRATION, FLA. — Big Rock Partners has topped off Windsor at Celebration, a new 239-unit seniors housing property in Celebration, the Disney-originated master-planned community in Central Florida.

June 1, 2017

CCRC Development News

Lifespace Plans $39.5M Expansion at CCRC Near Pittsburgh

by Jeff Shaw June 1, 2017

UPPER ST. CLAIR, Penn. — Lifespace Communities has planned a $39.5 million assisted living and memory care expansion at Friendship Village of South Hills, a continuing care retirement community (CCRC) in the Pittsburgh suburb of Upper St. Clair.

June 1, 2017

Development Finance News

KeyBank Provides $16.3M in Financing for Construction of Affordable Community in New York

by Jeff Shaw June 1, 2017

GEDDES, N.Y. — KeyBank’s Community Development Lending & Investment (CDLI) team will provide $16.3 million in financing to Christopher Community Inc. for the construction of Harborbrook Apartments, a mixed-income seniors housing development in the Syracuse suburb of Geddes.

June 1, 2017

Development News

Evergreen Real Estate, Pathway Senior Living Open 101-Unit Community Near Chicago

by Jeff Shaw May 31, 2017

PROSPECT HEIGHTS, Ill. — Evergreen Real Estate Group and Pathway Senior Living have opened Grandbrier of Prospect Heights, a 101-unit independent living, assisted living and memory care community in the Chicago suburb of Prospect Heights.

May 31, 2017

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