Development

CCRC in Philadelphia Undergoes $3.2M Clean Energy Renovation

by Jeff Shaw April 19, 2016

PHILADELPHIA — Cathedral Village, a continuing care retirement community in Philadelphia, has completed a $3.2 million renovation to upgrade the energy infrastructure on the 40-acre campus.

April 19, 2016

Development Finance News

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

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