Development

RED Provides $17.2M Loan for Prevarian to Build New Community in Oklahoma

by Jeff Shaw September 22, 2015

BROKEN ARROW, Okla. — RED Capital Partners, the proprietary debt and equity banking arm of RED Capital Group LLC, has provided a $17.2 million construction loan to Prevarian Senior Living, a private equity investor and a healthcare system affiliate.

September 22, 2015

Development News Skilled Nursing

Mainstreet, Symphony Open $20.8M Skilled Nursing Facility in Indiana

by Jeff Shaw September 18, 2015

DYER, Ind. — Skilled nursing developer Mainstreet and operator Symphony Post Acute Network have opened Symphony of Dyer, a skilled nursing facility in Dyer approximately 30 miles south of Chicago.

September 18, 2015

Development News

Tradition Senior Living Opens 311-unit Community in Dallas

by Jeff Shaw September 17, 2015

DALLAS — Tradition Senior Living (TSL) has opened The Tradition-Lovers Lane Community, an independent living, assisted living and memory care community in Dallas.

September 17, 2015

CCRC Development Finance News

Ziegler Arranges $57M Financing for Expansion of Community in Michigan

by Jeff Shaw September 16, 2015

GRAND RAPIDS, Mich. — Ziegler Capital Markets has arranged $57 million in financing for Beacon Hill at Eastgate, a CCRC in Western Michigan, which includes approximately $36 million for the community’s Phase II expansion.

September 16, 2015

Development News

Wildamere Completes $13.4M Bluffs of Lake City Community in Minnesota

by Jeff Shaw September 16, 2015

LAKE CITY, Minn. — Wildamere Properties has completed construction of Bluffs of Lake City Senior Living, a community along the Mississippi River about 70 miles southeast of Minneapolis.

September 16, 2015

CCRC Development News

CBRE Arranges $36.3M Construction Loan for CCRC Near Denver

by Jeff Shaw September 16, 2015

LAKEWOOD, Colo. — CBRE National Seniors Housing has secured a $36.3 million loan for the construction of The Village at Belmar, a 156-unit continuing care retirement community (CCRC) planned in Lakewood in metro Denver.

September 16, 2015

Development Independent Living News

Sagewood in Phoenix to Add 24 Luxury Independent Living Units

by Jeff Shaw September 15, 2015

PHOENIX — Sagewood, a luxury senior living retirement community in northeast Phoenix, plans to add The Estates at Sagewood, a new neighborhood featuring 24 new independent living homes.

September 15, 2015

Development News

Blue Moon, Damone Group to Build New Community in Michigan for $52.5M

by Jeff Shaw September 15, 2015

NORTHVILLE, Mich. — Seniors housing private equity investor Blue Moon Capital Partners LLC has formed a $52.5 million development joint venture with The Damone Group LLC for the construction of a 180-unit independent living, assisted living and memory care community in Northville, about 25 miles west of Detroit.

September 15, 2015

Assisted Living Development News

Capitol Seniors Housing to Open New Assisted Living Community in New Jersey

by Jeff Shaw September 14, 2015

MARLBORO, N.J. — Capitol Seniors Housing (CSH) will open Solana at Marlboro, a 79-unit assisted living and memory care community about 40 minutes south of New York City, on Thursday.

September 14, 2015

Development Memory Care News

Living Care Lifestyles to Open New Memory Care Community in West Seattle

by Jeff Shaw September 11, 2015

SEATTLE — Living Care Lifestyles, an operator with 10 communities in Hawaii, California, Oregon, Texas and Washington, plans to open a new memory care community in Seattle in early 2017.

September 11, 2015

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