Development

Cardinal Ventures Plans 88,000 SF Assisted Living Community Near Charlotte

by Jeff Shaw July 13, 2016

INDIAN LAND, S.C. — Cardinal Ventures, a developer based in Mississippi, has unveiled plans for The Blake at Edgewater, an 88,000-square-foot assisted living and memory care community in Indian Land, located just across the state border from Charlotte, N.C.

July 13, 2016

Assisted Living Development News

Rocky Mountain Senior Housing Taps OZ Architecture to Design 111-Unit Assisted Living Community in Colorado

by Jeff Shaw July 13, 2016

GOLDEN, Colo. — Rocky Mountain Senior Living has hired OZ Architecture to design Golden Lodge Assisted Living, a 111-unit assisted living and memory care community in the Denver suburb of Golden.

July 13, 2016

CCRC Development News

Presbyterian Communities Nears Completion of $93M CCRC Expansion in Dallas

by Jeff Shaw July 12, 2016

DALLAS — Nonprofit operator Presbyterian Communities and Services is nearing completion of the $93 million expansion of Presbyterian Village North, a continuing care retirement community in Dallas.

July 12, 2016

Assisted Living Development Finance News

Love Funding Secures $6.6M Bridge Loan for Construction of Assisted Living Community in Utah

by Jeff Shaw July 11, 2016

ODGEN, Utah — Love Funding, a lender based in Washington, D.C., has arranged a $6.6 million bridge loan for the construction of Shadow Valley Assisted Living and Memory Care, a 62-bed community in Ogden, approximately 35 miles north of Salt Lake City.

July 11, 2016

Assisted Living Development News

HHHunt Starts Construction of $23.2M Assisted Living Community Near Raleigh

by Jeff Shaw July 8, 2016

CARY, N.C. — Real estate developer HHHunt has started construction of Spring Arbor of Cary, an 80-unit assisted living and memory care community in the Raleigh suburb of Cary. Development costs are estimated at $23.2 million.

July 8, 2016

Development Memory Care News

Illinois St. Andrew Society Adds 20-Unit Memory Care Facility to Community Near Chicago

by Jeff Shaw July 8, 2016

NORTH RIVERSIDE, Ill. — The Illinois St. Andrew Society has completed construction of The Caledonian House, a 20-unit memory care building in the Chicago Suburb of North Riverside.

July 8, 2016

Development News

Greystar Buys Site in Miami for $10.3M to Develop 216-Unit 55+ Community

by Jeff Shaw July 7, 2016

MIAMI — Multifamily operator Greystar has purchased a 0.9-acre development site across from the Dadeland Mall in Miami’s Kendall neighborhood for $10.3 million. The company plans to develop a 216-unit active adult community on the site.

July 7, 2016

Development News

Cushman & Wakefield Arranges $15.1M Construction Financing for LCB Development in New Hampshire

by Jeff Shaw July 6, 2016

DOVER, N.H. — Cushman & Wakefield has arranged $15.1 million in financing for LCB Senior Living, which will use the funds to help build Residence at Silver Square, a 76-unit independent living, assisted living and memory care community in Dover, approximately 70 miles north of Boston.

July 6, 2016

Development Finance News

CBRE Secures $80M Acquisition Financing for Belmont Village Communities in California, Arizona

by Jeff Shaw June 30, 2016

THOUSAND OAKS, Calif., and SCOTTSDALE, Ariz. — CBRE has arranged $80 million in financing for a joint venture between Blue Moon Capital Partners and Belmont Village Senior Living.

June 30, 2016

Development News

Ryan Cos., LCS to Build $40M Community in Tennessee

by Jeff Shaw June 30, 2016

HENDERSONVILLE, Tenn. — Ryan Cos. US Inc. and LCS have announced plans to build Clarendale of Hendersonville, a $40 million independent living, assisted living and memory care community in the Nashville suburb of Hendersonville.

June 30, 2016

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