Development

Cardinal Ventures to Break Ground on Assisted Living Community in South Carolina

by Jeff Shaw November 24, 2015

SUMMERVILLE, S.C. — Mississippi-based developer Cardinal Ventures is set to break ground on The Blake at Carnes Crossroads, an assisted living and memory care community to be built in the Charleston suburb of Summerville.

November 24, 2015

Development Finance News

Love Funding Secures $11.3M Bridge Loan for Community Under Development in Illinois

by Jeff Shaw November 24, 2015

CARBONDALE, Ill. — Love Funding, a lender specializing in HUD loans, has closed an $11.3 million bridge loan for Landings of Carbondale, a 92-unit assisted living and memory care community under development in the southern Illinois city of Carbondale.

November 24, 2015

Development News

Wolff Announces Plans To Develop Six Communities in Western U.S.

by Jeff Shaw November 23, 2015

SCOTTSDALE, Ariz. — The Wolff Company, a private equity firm based in Scottsdale, has announced plans to begin development on six independent living communities in the first quarter of 2016.

November 23, 2015

Development News

Cushman & Wakefield Arranges $53.4M Construction Financing for Two LCB Communities

by Jeff Shaw November 19, 2015

SWAMPSCOTT and MELROSE, Mass. — Cushman & Wakefield Senior Housing Capital Markets has arranged $53.4 million in financing and joint venture equity for the construction of two LCB Senior Living LLC developments in Massachusetts.

November 19, 2015

Development News

Picone Construction Renovating Community in Western New York

by Jeff Shaw November 19, 2015

WILLIAMSVILLE, N.Y. — Picone Construction is renovating The Amberleigh, a seniors housing community located at 2330 Maple Road in Williamsville, a Buffalo suburb.

November 19, 2015

CCRC Development News

Lifespace to Break Ground on $9M Expansion to CCRC in Iowa

by Jeff Shaw November 18, 2015

URBANDALE, Iowa — Lifespace Communities Inc. will break ground Friday on a $9 million redevelopment project for Deerfield Retirement Community, a CCRC in the Des Moines suburb of Urbandale.

November 18, 2015

Assisted Living Development News

CBRE Arranges $21.4M Construction Loan for Assisted Living Community near Chicago

by Jeff Shaw November 16, 2015

PROSPECT HEIGHTS, Ill. — CBRE has arranged a $21.4 million loan for the construction of Greenbrier of Prospect Heights, a Class A assisted living and memory care community in the North Shore Chicago suburb of Prospect Heights.

November 16, 2015

Development News Skilled Nursing

Mainstreet Opens $19.8M Skilled Nursing Facility near Kansas City

by Jeff Shaw November 16, 2015

OVERLAND PARK, Kan. — Indiana-based skilled nursing developer Mainstreet has opened The Healthcare Resort of Shawnee Mission, a skilled nursing facility in the Kansas City submarket of Overland Park.

November 16, 2015

Development Independent Living News

Spectrum Starts Construction on Independent Living Community in Austin, Texas

by Jeff Shaw November 16, 2015

AUSTIN, Texas — Spectrum Retirement Communities has started construction on Lake Travis Independent Living, a 150,000-square-foot luxury community in Austin.

November 16, 2015

Development Finance News

RED Arranges $36.4M Construction Loan for 195-Unit Community in New Jersey

by Jeff Shaw November 13, 2015

HAMILTON, N.J. — RED Capital Partners LLC, the debt and equity banking arm of capital provider RED Capital Group, has arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC to build Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.

November 13, 2015

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