Development

Lancaster Pollard Arranges $28.3M for Refinancing, Construction of Communities in Ohio

by Jeff Shaw April 18, 2016

GARFIELD HEIGHTS, Ohio — Lancaster Pollard has arranged $28.3 million in financing for Sisters of the Holy Spirit, a faith-based nonprofit operator based in the Cleveland suburb of Garfield Heights.

April 18, 2016

Development News

Real Estate Equities Development Plans 63-Unit Seniors Cooperative in Kansas City

by Jeff Shaw April 18, 2016

KANSAS CITY, Mo. — Real Estate Equities Development, a Minnesota-based development and management firm, has announced plans for The Village Cooperative of Verona Hills, a seniors housing cooperative in Kansas City.

April 18, 2016

Assisted Living Development News

Fortress, Compass, AIG JV Breaks Ground on 125-Unit Community in Florida

by Jeff Shaw April 15, 2016

FORT MYERS, Fla. — A joint venture between Fortress Ventures, Compass Real Estate and AIG Global Real Estate has broken ground on Thrive at Beachwalk, a 125-unit assisted living and memory care community in Fort Myers.

April 15, 2016

Development Memory Care News

Brookdale Plans $1M Memory Care Expansion in Illinois

by Jeff Shaw April 15, 2016

HOFFMAN ESTATES, Ill. — A joint venture between Health Care Properties (HCP) and Brookdale has announced plans for a $1 million renovation and expansion of Brookdale Hoffman Estates Golf Road in the Chicago suburb of Hoffman Estates.

April 15, 2016

CCRC Development Finance News

SunTrust Provides $56M Financing for Expansion, Renovation of CCRC in New Jersey

by Jeff Shaw April 14, 2016

SKILLMAN, N.J. — SunTrust Bank has provided a $56 million refinancing and new term loan for the expansion and renovation of Stonebridge at Montgomery, a continuing care retirement community in Skillman, located midway between New York City and Philadelphia.

April 14, 2016

Development Memory Care News

Memory Care America Opens 64-Bed Community Near San Antonio

by Jeff Shaw April 13, 2016

NEW BRAUNFELS, Texas — Memory Care America, an operator based in Nashville, has opened Memory Care of New Braunfels, a 64-bed memory care community in the San Antonio suburb of New Braunfels.

April 13, 2016

Development News

Brookdale Completes $18M Expansion of Community in Wisconsin

by Jeff Shaw April 12, 2016

MADISON, Wis. — Brookdale Senior Living has completed the addition of 67 units and a new memory care program at Brookdale Madison West, an assisted living community in Madison.

April 12, 2016

Development News

Omega Communities Plans 415-Unit Community in Florida

by Jeff Shaw April 12, 2016

LADY LAKE, Fla. — Omega Communities, a faith-based developer from Alabama, has announced plans to build Living Waters, a 415-unit independent living, assisted living and memory care community in Lady Lake, approximately 50 miles northwest of Orlando.

April 12, 2016

Development Finance News

Love Funding Provides $17.8M HUD Loan to Build 118-Unit Assisted Living Community in Florida

by Jeff Shaw April 12, 2016

ENGLEWOOD, Fla. — Love Funding, a Washington, D.C.-based lender, has provided a $17.8 million construction loan to build Heritage Oaks Assisted Living and Memory Care, a 118-unit community in Englewood, located between Tampa and Fort Myers.

April 12, 2016

Assisted Living Development News

Michuda Construction, Heritage Enterprises Open Assisted Living Community in Illinois

by Jeff Shaw April 11, 2016

ORLAND PARK, Ill. — Owner/operator Heritage Enterprises and building Michuda Construction have opened Evergreen Senior Living at Parkview Campus, an assisted living and memory care community in Orland Park, approximately 25 miles southwest of Chicago.

April 11, 2016

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