Phoenix Senior Living Acquires Autumn Leaves Community in South Carolina
FORT MILL, S.C. — Phoenix Senior Living has acquired Autumn Leaves of Fort Mill, a in Fort Mill, located just across the state border from Charlotte, N.C.
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Blueprint Brokers Sale of Five-Property Portfolio in Midwest
INDIANA and OHIO — Blueprint has arranged the sale of a five-property assisted living and memory care portfolio in Indiana and Ohio.
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Sterling Estates Opens Memory Care Expansion in Metro Atlanta
MARIETTA, Ga. — Sterling Estates has opened The Grande at Sterling Estates, a memory care expansion at Sterling Estates of West Cobb in the Atlanta suburb of Marietta.
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Silverado Prepares to Open $12M Memory Care Community in Orange County
BREA, Calif. — Silverado plans to open Silverado Brea, located approximately 20 miles southeast of Los Angeles, by the end of summer 2019.
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SunTrust Provides $37.5M Financing for Memory Care Expansion in Mississippi
RIDGELAND, Miss. — SunTrust Banks has served as sole lender of a $37.5 million refinancing for The Orchard, a seniors housing community in Ridgeland, a northern suburb of Jackson.
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CBRE Arranges $17.5M Fannie Mae Refinancing for Community Near Seattle
ISSAQUAH, Wash. — CBRE has arranged a $17.5 million in Fannie Mae financing for Fieldstone Memory Care of Issaquah, a 60-unit memory care community.
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Capital Square 1031 Acquires Memory Care Community in Houston
HOUSTON — Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, has launched an investment fund for the acquisition of a memory care community in the Kingwood neighborhood of Houston.
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Arbor Funds $7.5M Fannie Mae Loan for Community in Connecticut
HAMDEN, Conn. — Arbor Realty Trust Inc. has funded $7.5 million in Fannie Mae DUS financing for Meadow Mills Assisted Living & Memory Care.
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Charter Senior Living Takes Over Operations of Memory Care Community Near Chicago
GLEN ELLYN, Ill. — Charter Senior Living has been selected to manage Autumn Leaves of Glen Ellyn, a 46-unit memory care community in Glen Ellyn, approximately 23 miles west of Chicago.
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Watercrest, United Properties Break Ground on 198-Unit Community in Sarasota, Florida
SARASOTA, Fla. — Watercrest Senior Living Group and United Properties have broken ground on Watercrest Sarasota Senior Living Community, a 198-unit luxury senior living campus in Sarasota, along Florida’s Gulf Coast.
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SunTrust Provides $69.5M Acquisition Financing for Three-Property Portfolio in California
LOS ANGELES and OAKLAND — SunTrust Banks Inc. (NYSE: STI) has provided $69.5 million in financing to support Watermark Retirement Communities and Kayne Anderson’s acquisition of three senior living communities in California.
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Blake, Cardinal Ventures Plan 88,000 SF Community in South Carolina
GREENVILLE, S.C. — Cardinal Ventures Inc., together with Blake Management Group, has unveiled plans for The Blake at Hollingsworth Park, a resort-style senior living community in Greenville.
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Tutera Prepares to Open $55M Community in Kansas City
KANSAS CITY, Mo. — Tutera Senior Living & Health Care will open the first units at its newest Tutera Senior Living & Health Care location starting in June. The property is in the Tiffany Springs neighborhood of Kansas City.
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Walker & Dunlop Arranges $52M Refinancing for Colorado Seniors Housing Portfolio
COLORADO SPRINGS and CENTENNIAL, Colo. — Walker & Dunlop has structured $52 million in financing to refinance three seniors housing properties totaling 196 units in Colorado Springs and Centennial.
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Greystone Provides $24M Refinancing for Assisted Living Facility in New Jersey
NEW JERSEY — Greystone has provided a $24 million Fannie Mae loan to refinance a 138-unit assisted living facility in New Jersey.
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Tapestry Senior Living to Open 224-Unit Community Near Pittsburgh
CORAOPOLIS, Pa. — Tapestry Senior Living has announced it will open Tapestry Moon Township in June.
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Mogharebi Group Brokers $6.8M Sale of Community in San Bernardino, California
SAN BERNARDINO, Calif. — The Mogharebi Group (TMG) has arranged the sale of Bernardine Senior Independent Living, a 71-unit community in San Bernardino, approximately 60 miles east of Los Angeles.
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SLIB Negotiates $22.8M Sale of Memory Care Community in Southern California
VISTA, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Vista Gardens, a 71-unit memory care community in Vista, located between San Diego and Los Angeles.
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Oakmont Senior Living Hires Eric Portnoff as Memory Care, Resident Programs VP
WINDSOR, Calif. — Oakmont Senior Living, an owner-operator based in the Northern California town of Windsor, has hired Eric Portnoff as vice president of memory care and resident programs.
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Sonata Starts Construction of Memory Care Expansion at Community in Vero Beach
VERO BEACH, Fla. — Sonata Senior Living, an Orlando-based owner, developer and operator, has started construction of a memory care expansion at its Sonata Vero Beach community.
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Hunt Real Estate Capital Funds $7M Acquisition Loan for Memory Care Community in Phoenix
PHOENIX — Hunt Real Estate Capital has provided a $7 million bridge loan to finance the acquisition of Hawthorn Court at Ahwatukee, a seniors housing property in Phoenix.
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M&T Realty Capital Provides $7.4M for Memory Care Facility in California
CITRUS HEIGHTS, Calif. — M&T Realty Capital Corp. has provided a $7.4 million bridge loan to refinance of a 48-unit memory care facility in Citrus Heights, approximately 15 miles northeast of Sacramento. The three-year, floating-rate loan is structured with interest-only
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Marcus & Millichap Arranges Sale of Memory Care Community in Oregon City for $4.9M
OREGON CITY, Ore. — Marcus & Millichap has arranged the sale of Oregon City Memory Care, a 31-unit memory care facility in Oregon City, just south of Portland.
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Atlas Senior Living Takes Over Management of Memory Care Community in Montgomery, Alabama
MONTGOMERY, Ala. — Birmingham-based Atlas Senior Living has taken over management of Angels for the Elderly, a memory care community in Montgomery.
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Autumn Leaves Appoints Jessica Akaah as COO, John Barbee as Chief Administrative Officer
IRVING, Texas — Autumn Leaves, a memory care operator based in Irving, has named Jessica Akaah as chief operating officer and John Barbee as chief administrative officer. Barbee will also continue to serve in his role as president.
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Standalone Memory Care Fraught With Challenges, Says InterFace Panel
But at least one regional operator bucks the national trend by embracing the sector.
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Sims Mortgage Funding Arranges $22.1M Refinancing for Memory Care Facility in Metro D.C.
WASHINGTON, D.C. — Sims Mortgage Funding, a subsidiary of HJ Sims, has arranged a $22.1 million loan to refinance a memory care community near Washington, D.C.
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